South Korea Stocks: Hyundai Motor, LG International, SK Energy
South Korea’s Kospi index fell 7.93, or 0.4 percent, to 2,029.60 at the 3 p.m. close in Seoul, ending the week 0.2 percent higher. It’s the gauge’s fourth straight weekly advance.
The following were among the most-active stocks in South Korean markets.
Hanwha Chemical Corp. (009830 KS), a South Korean chemical manufacturer, rose 0.8 percent to 33,250 won, after rising as much as 2.3 percent earlier. The company was rated “buy” in new coverage at Goldman Sachs Group Inc., which said the company still offers “attractive” valuations driven by “solid” earnings growth.
Hyundai Motor Co. (005380 KS), South Korea’s largest automaker, retreated 2.2 percent to 178,500 won, after the city of Beijing decided to limit the number of new passenger vehicles in the Chinese capital to ease congestion on roads. Affiliate Kia Motors Corp. (000270 KS) lost 0.6 percent.
LG International Corp. (001120 KS), a South Korean developer of resources including oil, gained 3 percent to 38,200 won, the highest since Oct. 18, after crude oil rose to the highest level in more than two years.
Shinsung FA Co. (104120 KS) advanced 3.9 percent to 4,985 won, after saying it received a 41.5 billion won ($36 million) contract to supply a Chinese company with equipment for the manufacture of liquid-crystal displays.
SK Energy Co. (096770 KS), South Korea’s largest oil refiner, climbed 3.2 percent to 194,500 won, the highest since Nov. 7, 2007, after the company agreed to sell its Brazilian unit for $2.4 billion.
SK Networks Co. (001740 KS), a South Korean trading company, advanced 4.7 percent to 13,450 won, after saying it will buy SK Energy Co.’s coal mine assets and business.
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