Reuters: Global Markets: Hyundai Motor shares extend falls to 4.5 percent

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Hyundai Motor shares extend falls to 4.5 percent Jul 12th 2013, 00:44 Tweet Share this Email Print Analysis & Opinion Asia's pain unevenly spread as China slows Related Topics Hot Stocks » Asian Markets » The logo of Hyundai Motor is seen on the steering wheel of a car at a Hyundai dealership in Seoul April 25, 2013. Credit: Reuters/Kim Hong-Ji SEOUL | Thu Jul 11, 2013 8:44pm EDT SEOUL (Reuters) - Shares in Hyundai Motor Co Ltd (005380.KS) extended falls to 4.5 percent on Friday on worries its Chinese sales may dip after news eight more cities in China, the biggest auto market, are likely to announce policies restricting new vehicle purchases. "China accounts for about 20 percent of Hyundai Motor's total sales, and such news dampens its China sales outlook," said Suh Sung-moon, an analyst at Korea Investment & Securities. Shares in Hyundai Motor were down 4.3 percent at 212,500 won at 0036 GMT after falling to as low as 211,500 won, the lowest level in 2-1/2 weeks. (Reporting by Jungyoun Park; Editing by Paul Tait) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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