S.Korean firms with North exposure leap on inter-Korea summit announcement

SHINWON

06/09/2018 02:59

** Shares with exposure to North Korea jump after the South
Korean government announces a third inter-Korean summit will
take place from Sept. 18 to 20 in Pyongyang
    ** Busan Industrial  011390.KS  soars 9.4 pct, while Hyundai
Elevator  017800.KS  and Hyundai Rotem  064350.KS  rise 4.5 pct
and 4.8 pct, respectively
    ** Apparel stocks also rise on expectations of a resumption
of the Kaesong industrial complex; Shinwon  009270.KS  and In
The F  014990.KS  up 5.2 pct each
    ** Electricity firms, Daewon Cable  006340.KS  and Seondo
Electric  007610.KS , jump 19 pct and 15.4 pct, respectively, on
optimism over construction of a power cable to the North
    ** A day earlier, South Korean envoys returned from the
North after meeting North Korean leader Kim Jong Un, in an
effort to break a stand-off between Washington and Pyongyang
 urn:newsml:reuters.com:*:nS6N1TD003
    ** These shares have fluctuated on diplomatic talks aimed at
denuclearisation of the North  urn:newsml:reuters.com:*:nL3N1VP055
    ** The broader KOSPI market  .KS11  was trading up 0.2 pct
as of 0146 GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))