S.Korea stocks with N.Korea exposure tumble after summit collapse

Jaeyoung Solutec Co

04/03/2019 24:29

** Shares of South Korean firms with exposure to North Korea
fall after the second summit between U.S. President Donald Trump
and North Korean leader Kim Jong Un collapsed on Thursday over
sanctions, raising concerns about the future of their
denuclearisation negotiations  urn:newsml:reuters.com:*:nL5N20M8N0
    ** South Korean financial markets were closed on Friday, a
day after the summit, for a public holiday  urn:newsml:reuters.com:*:nL3N20L3OA
    ** South Korea's railway-related stocks such as Busan
Industrial Co Ltd  011390.KS  and Korea Cement  198440.KQ  
plunge as much as 8.9 pct and 8.3 pct, respectively
    ** Companies which have a branch in Kaesong Industrial
Complex in North Korea also dip; Jaeyoung Solutec Co Ltd
 049630.KQ  and In The F Co Ltd  014990.KS  down 5.2 pct and 5.4
pct each
    ** Other stocks such as Hyundai Rotem Co  064350.KS ,
Hyundai Elevator Co Ltd  017800.KS  and Ananti Inc  025980.KQ 
slide as much as 7.3 pct, 7.4 pct and 8.8 pct, respectively 
    ** Ananti owns a private golf and spa resort in Mountain
Kumgang in North Korea, which has stopped operating since 2008
 urn:newsml:reuters.com:*:nL3N1YG07K
    ** Broader market  .KS11  up 0.6 pct as of 0023 GMT

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