Reuters: Global Markets: Hyundai Motor shares hit 11-month-high on wage deal

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Hyundai Motor shares hit 11-month-high on wage deal Sep 6th 2013, 01:07 Tweet Share this Email Print Related Topics Hot Stocks » Asian Markets » Models pose next to the New Avante car made by Hyundai Motor in central Seoul August 13, 2013. Credit: Reuters/Lee Jae-Won SEOUL | Thu Sep 5, 2013 9:07pm EDT SEOUL (Reuters) - Shares of Hyundai Motor (005380.KS) rose to their highest levels in over 11 months on Friday, after the automaker reached a tentative wage deal with its South Korean labor union to avert further production losses. The union's members plan to vote on the deal on Monday, after staging a series of partial strikes since August 20 that held up production of 50,000 vehicles worth 1 trillion Korean won. Hyundai shares were up 2.5 percent at 250,000 Korean won ($230) each as of 0048 GMT, their highest level since early October last year. ($1 = 1098.3750 Korean won) (Reporting by Hyunjoo Jin; Editing by Eric Meijer) 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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