S.Korea stocks with N.Korea exposure gain on report Pyongyang dismantling test site facilities

SHINWON

24/07/2018 01:47

** Shares of South Korean companies with exposure to North
Korea rise after a report satellite images indicate Pyongyang
has begun dismantling key facilities at a site used to develop
engines for ballistic missiles
    ** July 20 images showed work at Sohae Satellite Launching
Station to dismantle a building used to assemble space-launch
vehicles and a nearby rocket engine test stand used to develop
liquid-fuel engines for ballistic missiles and space-launch
vehicles, Washington-based think tank said on Monday
 urn:newsml:reuters.com:*:nL1N1UJ1MF
    ** South Korea's railway-related stocks Busan Industrial Co
Ltd  011390.KS  and Korea Cement  198440.KQ  surge 13.6 pct and
13.3 pct, respectively
    ** Clothing companies which have a branch in Kaesung
Industrial Complex in North Korea such as In The F Co Ltd
 014990.KS  and Shinwon Corp  009270.KS  rise
    ** Other stocks also gain. Hyundai Elevator Co Ltd
 017800.KS  and Hyundai-Rotem Co  064350.KS  jump 6.0 pct and
4.6 pct respectively, while Hyundai Corp  011760.KS  climbs 5.6
pct after a report on Hyundai Group Chairwoman preparing for a
visit to North Korea
    ** Broader market  .KS11  down 0.1 pct as of 0033 GMT

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