South Korea Stocks: Samsung SDI, Hyundai Steel, Kia Motors
The Kospi Index fell 0.4 percent to 2,033.76.
Samsung SDI Co. (006400) (006400 KS) declined 0.4 percent to 139,500 won, falling for a third day. SB LiMotive Co., a joint venture between Samsung SDI and Robert Bosch GmbH to build batteries for electric cars, may fail, the Financial Times Deutschland reported on March 18. The two companies are reviewing various plans, Samsung SDI said yesterday in a regulatory filing, in response to the stock exchange’s request to comment on the report.
Hyundai Steel Co. (004020) (004020 KS), South Korea’s second-biggest steelmaker, dropped 1.9 percent to 102,000 won. Ian Ashby, president of iron ore at BHP Billiton said yesterday Chian’s steel growth has flattened off.
Kia Motors Corp. (000270) (000270 KS) gained 0.9 percent to 71,400 won, snapping a three-day losing streak. The automaker said it will resume operations at its Georgia plant.
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