Hyundai Mobis News
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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.
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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.
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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.
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Hyundai Mobis Co. , South Korea’s biggest auto-parts maker, said it won a $260 million order from General Motors Co., confirming an earlier Edaily report.
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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.
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Ted Chung, chief executive officer of South Korea’s biggest consumer finance company, was on a business trip in Copenhagen in April 2011 when his deputy called in a panic. Hackers had broken into computer servers at Hyundai Capital Services Inc., stealing customers’ personal information. Stunned, Chung hopped the Hyundai jet back to Seoul.
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Emerging-market stocks rose to a seven-month high as speculation U.S. politicians will reach a budget deal spurred risk appetite and support widened for policies allowing foreign investment in India’s retail market.
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Asian stocks rose, extending four consecutive weekly gains, as companies from Honda Motor Co. to Hyundai Mobis Co. reported higher earnings or forecasts.
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Hyundai Motor Co. Chairman Chung Mong Koo crosses the stage for his New Year’s address, his heels clicking as 600 employees wait in silence.
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Toyota Motor Corp., headed for its lowest profit in three years, is seeking talks to procure components from South Korean companies including Hyundai Mobis, two trade agency officials said.
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