S.Korean shares exposed to N.Korea slump after Pyongyang breaks off talks with U.S.

Ilshin Stone Co

07/10/2019 01:33

** South Korean shares exposed to North Korea plunge after
working-level talks between Washington and Pyongyang were broken
off on Saturday  urn:newsml:reuters.com:*:nL3N26R035
    ** The North's chief nuclear negotiator cast the blame on
what he portrayed as U.S. inflexibility, saying the U.S.
negotiators would not "give up their old viewpoint and attitude"
    ** Shares of Busan Industrial  011390.KS  fall 14%, while
Namkwang Engineering & Construction  001260.KS  and Ilshin Stone
 007110.KS  drop 13%, respectively
    ** Hyundai Elevator  017800.KS  shrinks 9%, while Hyundai
Rotem  064350.KS  drops nearly 7% 
    ** The broader KOSPI market  .KS11  and the junior KOSDAQ
market  .KQ11  were trading up 0.3% and 0.7%, respectively

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))