Seoul shares gain on bargain-hunting; Hyundai Motor down
SEOUL, April 19
SEOUL, April 19 (Reuters) - Seoul shares rose on Friday on bargain-hunting, recovering from an earlier drop as auto shares led by Hyundai Motor plunged due to cost concerns over wage litigation.
Hyundai Motor closed down 2.7 percent after a local media report said the automaker could face billions of dollars in extra wage costs as a result of labour litigation.
The Korea Composite Stock Price Index (KOSPI) closed up 0.4 percent at 1,906.75 points. (Reporting by Joyce Lee; Editing by Shri Navaratnam)
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Fed may hint on rate-hike plan as it prepares for policy turn
- Scots' support for independence lags on eve of referendum |
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Islamic State campaign tests Obama's commitment to Mideast allies