Hyundai Motor jumps; becomes 4th largest S.Korean co by market cap

Hyundai Glovis

06/07/2018 02:41

** Shares of South Korea's largest carmaker Hyundai Motor
 005380.KS  gain more than 3 pct on optimistic outlook after
reports that the U.S. and the EU may agree to withdraw auto
tariffs 
    ** With this gain, Hyundai Motor becomes the country's 4th
largest company by market capitalisation, according to Korea
Stock Exchange Index KOSPI  .KS11  data
    ** Shares of Kia Motors  000270.KS , the nation's second
largest automaker, jumps 4.7 pct, while key affiliates of
Hyundai Motor Group  HYGR.UL  including Hyundai Mobis
 012330.KS  and Hyundai Glovis  086280.KS  gain 1.3 pct and 3.1
pct, respectively
    ** The sub-index for transportation equipment sector  .KS42 
rises 3.5 pct
    ** Broader market  .KS11  up 0.4 pct higher as of 0110 GMT

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