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...Meanwhile, equities continued to see gains as well, powered in part by strong company earnings as companies shrug off the impact of higher materials prices and pass along those prices to consumers....
...Hyundai Merchant Marine gained 2.1 per cent to Won33,900 as the shipping company’s affiliate Hyundai Elevator said it would buy 1.3m shares on the market to strengthen its control over the unit....
...In Seoul, Hyundai Merchant Marine soared 15 per cent to Won33,250 after its proposed share sale met opposition from major shareholders, prompting speculation the company may become a takeover target....
...Posco, the world’s third-biggest steelmaker, rose 5.1 per cent to Won493,000, its biggest rise for six months, while Hyundai Steel jumped 7.6 per cent to Won127,000....
...Hanjin Shipping gained 4.3 per cent to Won37,900 and Hyundai Merchant Marine rose 3.1 per cent to Won33,600 on expectations of a business turnround....
...Hyundai Merchant Marine fell 1.4 per cent to Won23,900....
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