S.Korean automakers, part suppliers rise in expectation of Chinese policy

Hyundai Glovis

18/04/2019 02:05

** South Korean automakers and part suppliers rise on media
reports that China is considering a plan to relax controls over
new car licences 
    ** China's state planner is considering plans to increase
the number of newly issued automobile licenses in big cities
including Beijing, Shanghai and Guangzhou - Caixin  urn:newsml:reuters.com:*:nL3N21Z2PG
    ** Shares of Hyundai Motor  005380.KS  add 4.2 pct, while
Kia Motors  000270.KS  gains 2.7 pct
    ** Hyundai's auto parts affiliate Hyundai Mobis  012330.KS 
and logistics arm Hyundai Glovis  086280.KS  climb 4.4 pct and
2.8 pct, respectively, while Mando  204320.KS , supplier for
Chinese automakers, jumps more than 7 pct 
    ** The broader KOSPI market  .KS11  was trading down 0.3 pct

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