Hyundai Motor, suppliers gain after U.S. August sales rise

HL Mando

05/09/2018 03:15

** Shares of South Korea's largest automaker Hyundai Motor
 005380.KS  gain as much as 3.6 pct after its U.S. August sales
rise
    ** Hyundai Motor America releases sales performance of
Hyundai- and Genesis-branded vehicles overnight, up 6 pct y/y at
57,542 units  urn:newsml:reuters.com:*:nFWN1VQ0QO
    ** Hyundai Motor says on Monday its August global sales rise
9 pct y/y to 384,443 vehicles  urn:newsml:reuters.com:*:nL3N1VP018
    ** The company's low stock valuation and its aggressive
launch of new cars will improve profits, says Jung Yong-jin, an
analyst at Shinhan Investment Corp
    ** Shares of Kia Motors  000270.KS , an affiliate of Hyundai
Motor, also rise 1.7 pct after its America August sales jump
 urn:newsml:reuters.com:*:nFWN1VQ0TH    
    ** Parts suppliers Hyundai Wia  011210.KS  and Mando
 204320.KS  gain 2.6 pct and 1.3 pct, respectively 
    ** The sub-index for transportation equipment  .KS42  climbs
1.9 pct
    ** The broader market  .KS11  flat as of 0146 GMT

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))