Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.
The stock jumped 6 percent to close at 8,700 won, the highest level since Sept. 8, helping to trim the decline this year to 70 percent. Hanjin shares fell 12 percent to 955 won.
