Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 10:02 a.m. in Seoul. The Kospi index fell 0.8 percent to 1,827.98. The gauge has risen 0.2 percent this week.
Metal producers: Poongsan Corp. (103140) (103140 KS), a copper- products maker, retreated 2.7 percent to 24,850 won. Korea Zinc Co. (010130) (010130 KS), which produces gold and silver, slipped 3.1 percent to 344,000 won. Copper futures for July delivery slid 0.7 percent yesterday to settle at $3.3655 a pound on the Comex in New York, after touching $3.3415, the lowest for a most- active contract since Dec. 29. Silver futures for July delivery fell 0.8 percent to $27.757 an ounce on the Comex.
Korea Aerospace Industries Ltd. (047810) (047810 KS), South Korea’s largest planemaker, rallied 6.6 percent to 26,500 won, halting a three-day, 8.8 percent retreat. Second-quarter operating profit may increase 16 percent to 57.2 billion won ($48 million), Woori Investment & Securities Co. said in a report today. The company’s 2012 new orders target appears to be on track, the brokerage said.
SK C&C Co. (034730) (034730 KS), the information-systems unit of South Korea’s SK Group, advanced 4.6 percent to 98,100 won. The company plans to buy back 2 million shares to stabilize its stock price, according to a regulatory filing.
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