S.Korean stocks with N.Korea exposure rally on signs of a thaw in inter-Korea relations

SHINWON

07/03/2018 24:22

** South Korean shares with exposure to North Korea rally on
signs of a thaw in relations between North and South Korea and
the North's willingness to discuss denuclearisation with the
United States  urn:newsml:reuters.com:*:nL4N1QN6GJ
    ** Shinwon Corp.  009270.KS , which used to operate
factories in the Kaesong industrial region near the
Demilitarized Zone, surged 18.5 percent.
    ** Hyundai Elevator Co.  017800.KS , the biggest stakeholder
in Hyundai Asan which has engaged in a number of North
Korea-related projects, jumped 6 percent.
    ** Shares of Victek  065450.KQ  , a South Korean maker of
military equipment, dropped 7.2 percent as tensions eased.  
    ** Broader market  .KS11  down 0.3 pct as of 0010 GMT

 ((Reuters Messaging: mailto:Cynthia.Kim@thomsonreuters.com))