Wednesday, October 31, 2012

Reuters: Global Markets: Hyundai Motor shares tumble five percent ahead of October sales release

Reuters: Global Markets
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Hyundai Motor shares tumble five percent ahead of October sales release
Nov 1st 2012, 03:33

SEOUL | Wed Oct 31, 2012 10:41pm EDT

SEOUL (Reuters) - Hyundai Motor (005380.KS) shares fell nearly 5 percent early on Thursday ahead of its October auto sales data later in the day, leading a general slide in export-oriented auto and shipuilding sector stocks.

Shares of South Korea's biggest car maker have been under pressure since late September mainly due to concerns that a strengthening won currency and tight supply of its cars may slow earnings growth in coming months.

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