S.Korea's Ssangyong Motor, Hanssem plummet on weak Q2 results

Hanssem Co

29/07/2019 03:22

** Shares of Ssangyong Motor  003620.KS  and Hanssem
 009240.KS  plunge after the firms post weak Q2 results 
    ** Automaker SSangyong's Q2 operating loss at 49 billion won
($41.48 million), falling further from 7.4 billion loss a year
ago  urn:newsml:reuters.com:*:nS6N24K021
    ** Furniture maker Hanssem says its Q2 operating profit
falls 53% to 12.8 billion won ($10.84 million)
    ** Shares of Ssangyong, owned by India's Mahindra and
Mahindra  MAHM.NS , plunge as much as 7.4% to their record lows,
while Hanssem shares shrank more than 17% to their lowest since
Nov 2018
    ** The broader KOSPI market  .KS11  was trading down 1.6%
 ($1 = 1,181.3000 won)

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