S.Korea's Hyundai Motor Group stocks rise on higher sales

Hyundai Glovis

06/09/2018 05:43

** Hyundai Motor Group shares climb on higher U.S. and China
sales and better performance of its auto-finance affiliate in
the United States
    ** Hyundai Motor Co shares  005380.KS  rise 3.9 pct,
extending gains, while Kia Motors  000270.KS , another group
automaker, climbs 5.4 pct  urn:newsml:reuters.com:*:nL3N1VR1Q1
    ** Shares of Hyundai Glovis  086280.KS , the group's
logistics unit, and Hyundai Mobis  012330.KS , its auto parts
subsidiary, gain 5.8 pct and 2 pct, respectively
    ** Hyundai Motor's recovering Chinese sales contributed to
stock rise, while Kia Motors is buoyed by progress of trade
talks in North American Free Trade Agreement and U.S.–Korea Free
Trade Agreement, says Jung Yong-jin, an economist at Shinhan
Investment
    ** Better performance of Hyundai Capital America, Hyundai
Motor Group's auto-finance affiliate in the U.S., also boosting
shares, Lee Jin-woo, an analyst at Korea Investment &
Securities, says in a report 
    ** Broader KOSPI market  .KS11  is trading flat as of 0425
GMT

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