S.Korea stocks with N.Korea exposure jump on inter-Korean talks due Aug 13

SHINWON

10/08/2018 01:51

** Shares of South Korean companies with exposure to North
Korea rise after the unification ministry said on Thursday the
two Koreas will hold high-level talks on Aug. 13, at Pyongyang's
suggestion 
    ** The talks will be the fourth this year, following the
previous talks in Jan. 9, March 29 and June 1
    ** North Korea's foreign ministry said on Thursday that its
will to uphold the intentions of the leaders of the DPRK and the
United States, and to build trust and implement the DPRK-U.S.
joint statement remains unchanged. It added that the U.S. should
respond to the North's efforts in a corresponding manner
 urn:newsml:reuters.com:*:nL4N1V050H
    ** Cement maker Busan Industry Co Ltd  011390.KS  surged
25.3 pct
    ** Railway related firms, Daea TI Co Ltd  045390.KQ  and
Daeho AL Co Ltd  069460.KS  climbed 10.1 pct and 7.3 pct each
    ** Clothing companies with a branch in Kaesung Industrial
Complex in North Korea such as Shinwon Corp  009270.KS  and In
The F Co Ltd  014990.KS  rose 3 pct and 2.3 pct, respectively
    ** Hyundai Elevator Co Ltd  017800.KS  rose 3.8 pct, while
Hyundai Rotem Co  064350.KS  rose 5.1 pct
    ** The broader market  .KS11  down 0.8 pct as of 0039 GMT

 ((joori.roh@thomsonreuters.com@reuters.net))