Korea hot stocks-daewoo shipbuilding sinks after order cancellation
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Seoul, Oct 2 (Reuters) - South Korea's main KOSPI shareindex was up 0.28 percent at 2,001.77 points as of 0028GMT. The index opened up 0.12 percent. Stocks on the move on Tuesday
include: **DAEWOO SHIPBUILDING DOWN 3 PCT** Shares in Daewoo Shipbuilding & Marine Engineering fell more than 3 percent after the South Koreanshipbuilder said on Friday that a 1.2
trillion Korean won ($1.08billion) order to build two ships was cancelled due to theglobal economic downturn. Daewoo Shipbuilding said that the deal made with anunidentified company in the
American region in December 2010,was called off after the shipper had failed to sign a chartercontract for the vessels. Daewoo Shipbuilding shares were traded down 2.5 percent at25,300 won,
underperforming the wider market's 0.25 percent gainas of 0027 GMT.($1 = 1111.4250 Korean won) (Reporting by Hyunjoo Jin; Editing by Eric Meijer)
(([email protected])(82-2-3704-5685)(Reuters Messaging: [email protected])) Keywords: MARKETS KOREA HOT/