SEOUL, KOREA - As the two Koreas resume talks after months of hostilities, shares that are expected to benefit from rapprochement have risen. On expectations of reopening of Mount Kumgang tour, several Hyundai Group shares have soared to the daily upper limit of 15 percent, including those of Hyundai Merchant Marine and Hyundai Elevator which closed on June 7 at 12,750 and 79,300 won respectively.
The shares of companies with operations in Kaesong Industrial Zone also rose. Companies like Romanson, InTheF, Shinwon, GoodPeople, and Jaeyoung Solutec saw their shares hit the daily limit of 15 percent.
The shares of Jahwa Electronics, a Samsung Electronics smartphone supplier, however, fell 12.52 percent on the day after a 6.18-percent plunge of Samsung Electronics shares even though they had gained in the morning session.
The shares of companies like Ehwa Technologies Information, Seondo Electric, and Kwangmyung Electric that would benefit from resumption of electric power transmission to Kaesong have also increased. Dongyang Steel Pipe, the company reported to supply pipes when a gas pipeline connecting Russia, North Korea, and South Korea will be built, saw its shares surge 14.11 percent on the same day.
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