Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.
The Kospi index fell less than 0.1 percent to 1,817.65, falling for a fifth day. The measure has slumped 9.8 percent this quarter, poised for the steepest drop since the three months ended September.
SK Innovation Co. (096770) (096770 KS), South Korea’s biggest refiner, fell 1.5 percent to 132,000 won, the lowest close since June 5. The South Korean government said yesterday it may halt crude oil imports from Iran after it failed to win an exemption from European Union sanctions.
Hyundai Motor Co. (005380) (005380 KS) lost 3.1 percent to 231,000 won, the lowest close since May 18. The eighth negotiation between the automaker and its union on this year’s salaries ended with no resolution, the employee group said today on its website. Labor-related concerns are rising as a worsening European economy damps investor sentiment, Lee Sang Hyun, an analyst at NH Investment & Securities Co., said by phone.
To contact the reporter on this story: Jun Yang in Seoul at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com