March 16 (Bloomberg) -- Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.
The Kospi index fell 0.5 percent to 2,034.44. The gauge rose 0.8 percent this week.
Defense-related companies: Speco Co. (013810 KS), a defense equipment manufacturer, rallied 4.9 percent to 2,470 won. Victek Co. (065450 KS), which makes electronic warfare equipment, gained 4 percent to 1,695 won. Huneed Technologies (005870 KS), a military communication equipment manufacturer, advanced 1.4 percent to 3,250 won.
North Korea plans to launch an “earth observation satellite” in April to mark the 100th anniversary of state founder Kim Il Sung’s birth, a month after agreeing to a moratorium on missile and nuclear testing.
Hyundai Wia Corp. (011210 KS), an automobile-parts maker, retreated 5.1 percent to 131,500 won, the most since Dec. 19. Hyundai Motor Co. (005380 KS) and Kia Motors Corp. (000270 KS) sold 2.57 million Hyundai Wia shares at about 5 percent discount to yesterday’s closing price, according to data compiled by Bloomberg. Hyundai Motor lost 2.2 percent to 223,000 won, while Kia slipped 1.1 percent to 72,000 won.
Samsung SDI Co. (006400 KS), which makes rechargeable batteries, advanced 2.8 percent to 146,000 won. The company’s earnings recovery will continue, driven by shipments of polymer batteries after the launch of Apple Inc.’s new iPad, Shinyoung Securities Co. said in a report today.
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