Hydrogen-powered car parts firms jump as S.Korea declares move toward hydrogen economy

Pungguk Ethanol

18/01/2019 24:57

** Shares of hydrogen-powered car parts companies jump after
South Korean President Moon Jae-in declares move toward hydrogen
economy
    ** President Moon officialises a move to build a so-called
hydrogen economy on Thursday, a day after the government
announced an ambitious plan to increase the number of
hydrogen-powered vehicles in the country to 80,000 in less than
four years -local media  urn:newsml:reuters.com:*:nNRA7rnqi0
    ** GMB Korea Corp  013870.KS , which supplies water pumps to
Hyundai Motor  005380.KS  and Kia Motors  000270.KS , climbs as
much as 17.8 pct, highest since January 2018
    ** Neuros Co Ltd  126870.KQ , which produces air compressor
for hydrogen-powered cars, leaps as much as 15.4 pct
    ** Other firms such as PungkukAlcholnd  023900.KQ  and Inzi
Controls Co Ltd  023800.KS  also rise 6.7 pct and 6.5 pct,
respectively
    ** Broader market  .KS11  up 0.4 pct as of 0152 GMT
    

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