Speco, South Korea Defense Stocks Jump After Death of Leader Kim Jong Il

Speco Co. led gains among South Korean defense-related companies in Seoul stock trading after North Korean state media reported the nation’s leader Kim Jong Il has died.

Speco, a defense equipment manufacturer, jumped by the daily limit of 15 percent to 2,350 won. Victek Co., which makes electronic warfare equipment, and Huneed Technologies (005870), a military communication equipment manufacturer, both rallied 15 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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