Hyundai Motor Co. Chairman Chung Mong Koo revealed his salary for the first time after South Korea stepped up disclosure rules for executive pay to enhance transparency at the nation’s family-run business empires.
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Japanese demand for raw materials and manufacturing diverted abroad as the nation rebuilds from its worst earthquake on record may aid exporters from Australia’s BHP Billiton Ltd. to South Korea’s Hyundai Mobis Co.
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 1.1 percent to 1,909.03. The gauge rose 7.9 percent in October, its best monthly performance since March.
Developing-nation currencies strengthened, with the rupee snapping a three-day slide, after India’s central bank unexpectedly raised interest rates. The MSCI Emerging Markets Index rose from a four-month low.
South Korean stocks fell, dragging the benchmark index down to its biggest loss in a week, as foreign investors sold equities on concern profit of builders and shipyards will slump and North Korea tensions may increase.
Asian stocks climbed, driving the MSCI Asia Pacific Index to an 11-week high, as companies increased profit forecasts. The yen and dollar weakened and commodities rose as demand for higher-yielding assets increased.