Bloomberg News

GS, South Korean Builders Fall on Overseas Order Speculation

October 04, 2011

Oct. 5 (Bloomberg) -- GS Engineering & Construction Corp. led South Korean builders lower in Seoul trading amid speculation lower oil prices will damp plant construction demand in the Middle East, said Im Jeong Jae, a fund manager at Shinhan BNP Paribas Asset Management Co. GS Engineering retreated 15 percent to 74,100 won as of 11:26 a.m. on the Korea Exchange. Samsung Engineering Co. and Hyundai Engineering & Construction Co. lost 12 percent.

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

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net


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