S.Korean stocks with N.Korea exposure fall as Pyongyang slams U.S.-S.Korea exercises

SHINWON

17/07/2019 01:50

** Shares of South Korean companies exposed to North Korea
drop after Pyongyang raises issue regarding joint military
drills between Seoul and Washington 
    ** The United States looks set to break a promise not to
hold military exercises with South Korea, putting talks aimed at
getting North Korea to abandon its nuclear weapons at risk -
North Korean Foreign Ministry  urn:newsml:reuters.com:*:nL4N24H26J
    ** U.S. President Donald Trump says his administration has
made tremendous progress with North Korea and does not feel
pressed to conclude a quick agreement with Pyongyang on
denuclearization  urn:newsml:reuters.com:*:nW1N1ZU01F
    ** Shares of Ilshin Stone  007110.KS  and Namkwang
Engineering & Construction  001260.KS  drop as much as 5.4% and
5.1%, respectively
    ** Firms that operate factories in North Korean industrial
city of Kaesong also plunge, with In The F Co Ltd  014990.KS 
and Shinwon  009270.KS  losing more than 4% each
    ** The broader KOSPI market  .KS11  was trading down 1%

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