S.Korean firms with North exposure jump on China Xi's Pyongyang plans

Good People Co

19/11/2018 02:21

** South Korean shares with business exposure to North Korea
jump as Chinese President Xi Jinping says he intends to visit
North Korea next year 
    ** Xi tells South Korean President Moon Jae-in in a
bilateral meeting on the sidelines of the Asia Pacific Economic
Co-operation (APEC) summit that he will "make time" to visit
North Korea next year  urn:newsml:reuters.com:*:nL4N1XS05F
    ** Hanil Hyundai Cement  006390.KS  gains 9.7 pct, while
Hyundai Rotem  064350.KS  and Hyundai Elevator  017800.KS  climb
more than 6 pct each
    ** Some textile firms such as Good People  033340.KQ  and In
the F  014990.KS , which used to run factories in the
inter-Korean cooperative zone in the North Korean city of
Kaesong, also add 3 pct and 3.2 pct, respectively
    ** The broader KOSPI market  .KS11  trades up 0.3 pct as of
0218 GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))