Hyundai Motor Group shares soar after appointment of new R&D chief

Hyundai Glovis

12/12/2018 24:55

** Shares of Hyundai Motor Group jump after co appoints
Albert Biermann as its new research and development (R&D) chief
 urn:newsml:reuters.com:*:nS6N1RF024
    ** Biermann will be the first foreign executive to take over
the position
    ** Hyundai Motor's two vice chairmen in charge of R&D on
Tuesday offered to resign  urn:newsml:reuters.com:*:nL3N1YG354
    ** Shares of Hyundai Motor Co  005380.KS  jump as much as
7.2 pct to highest since Oct 17
    ** The company's auto parts affiliates Hyundai Mobis 
 012330.KS  and Hyundai Wia  011210.KS  rise as much as 5.4 pct
and 9.0 pct, respectively
    ** Hyundai Motor's logistics arm Hyundai Glovis  086280.KS 
gains up to 5.9 pct
    ** The sub-index for transportation equipment  .KS42  up 4.1
pct, while broader KOSPI market  .KS11  1.1 pct higher as of
0047 GMT

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