South Korea's nitrile rubber exporters fall on China's anti-dumping measures

Kumho Petro Chemical

16/07/2018 06:47

** South Korean nitrile rubber exporters tumble after
China's Ministry of Commerce said on Monday it would impose
temporary anti-dumping measures on nitrile rubber from South
Korea and Japan from July 16  urn:newsml:reuters.com:*:nB9N1U401P
    ** South Korean firms named in the case include Kumho Petro
Chemical Co Ltd  011780.KS  and LG Chem  051910.KS 
    ** Shares of LG Chem fall 2.2 pct, while Kumho Petro
Chemical Co Ltd plummets 5.3 pct
    ** Since the capacities of nitrile rubber in Kumho Petro
Chemical Co Ltd and LG Chem are not big, today's fall in stock
price will likely be a one-day event, says Cho Hyun-ryul, an
analyst at Samsung Securities
    ** Sub-index for chemicals  .KS29  remains flat
    ** Broader market  .KS11  slips 0.4 pct as of 0536 GMT

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