S.Korea's railroad companies continue rally on political thaw
02/05/2018 01:32
** Shares of South Korean railroad industry-related
companies continued to rally on Wednesday on the political thaw
in the Korean peninsula
** Hyundai Rotem 064350.KS soared 24.9 pct to a
three-month high, while Daeho AL 069460.KS and Daea TI
045390.KQ jumped 18.9 pct and 24.1 pct respectively
** The rally in railroad company shares began on Friday when
South Korea's President Moon Jae-in said rapid-transit railway
could be connected from South to North if the two Koreas are
reunified, in a historic summit with North Korean leader Kim
Jong Un
** North and South Korea began dismantling loudspeakers that
blared propaganda across their heavily fortified border on
Tuesday, fulfilling a promise made at last week's summit
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** The broader market .KS11 was down 0.2 pct at 0017 GMT
((Reuters Messaging: dahee.kim@thomsonreuters.com))