Hyundai Motor soars on bargain hunting, GM restructuring plan

Hyundai Glovis

27/11/2018 06:55

(Updates prices, adds context)
    ** Shares of Hyundai Motor  005380.KS  end up 6.2 percent on
bargain hunting after a 9 percent slump last week, analysts say
    ** Its affiliate Kia Motors  000270.KS  adds 2.6 pct, while
Hyundai Mobis  012330.KS  jump 4.5 pct  
    ** Some analysts say the restructuring of U.S. carmaker
General Motors Co  GM.N  could help ease oversupply and
competition in the industry    
    ** GM on Monday announces its decision to put five North
American factories on notice for potential closure and cut
nearly 15,000 jobs  urn:newsml:reuters.com:*:nL2N1Y10G5 
    ** Shares of Hyundai Motor tumbled to their lowest in more
than 9 years on Friday after Reuters reports that U.S.
prosecutors are investigating its vehicle recalls over engine
defects  urn:newsml:reuters.com:*:nL4N1XW2T1
    ** The broader KOSPI market  .KS11  ends up 0.8 pct

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