South Korea Stocks: Hyundai Motor, KEPCO Engineering, Taihan
South Korea’s Kospi index fell 3.62, or 0.2 percent, to 1,953.64 at the close in Seoul.
The following are among the most-active stocks in South Korean markets.
Automakers: Hyundai Motor Co. (005380 KS), South Korea’s largest automaker, lost 1.6 percent to 181,000 won. Kia Motors Corp. (000270 KS), an affiliate, retreated 1 percent to 51,200 won. South Korea and the U.S. agreed on Dec. 3 to revise the stalled free-trade accord and change provisions for automobiles and pork. The U.S. will now end its 2.5 percent tariff on automobiles in five years, instead of immediately or after three years, as was previously agreed.
Hansol Paper Co. (004150 KS), a South Korean paper maker, climbed 7.3 percent to 11,100 won. Samsung Securities Co. raised its stock recommendation to “buy” from “hold,” saying risks related to the company’s construction unit will ease.
KEPCO Engineering & Construction Inc. (052690 KS), which designs power plants, tumbled 8.9 percent to 92,000 won, after its parent withdrew its bid to build a nuclear power plant in Lithuania.
Taihan Electric Wire Co. (001440 KS), a South Korean cable maker, gained 1.8 percent to 6,810 won, after saying it received a 92 billion won ($81 million) contract from Australia.
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