Samsung Electronics shares fell 4.1% and Hyundai Motor ended down 4.3%, tracking the wider market’s 3.9% fall, as the spike in new coronavirus cases intensified fears about the epidemic’s fallout on the economy and businesses.
“As of 1 p.m. KT Feb. 24, the Gumi Complex has started normal operations and we expect no impact on production,” Samsung said in a statement, without elaborating further. Six employees at Hyundai Motor’s factories in the southeastern city of Ulsan are also at home, with four of them linked to a church at the centre of the virus outbreak, a union spokesman said in a statement.Story continues below advertisement
Ulsan is home to Hyundai’s biggest car factories, and there are a number of suppliers in the city and surrounding areas, which cater not only to the automaker, but export to the United States, Japan and other markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Infections climb in South Korea as world fights virusSouth Korea reported an eight-fold jump in viral infections Saturday with more than 400 cases mostly linked to a church and a hospital, while the death toll in Iran climbed to five and a dozen towns in Italy effectively went into lockdowns as health officials around the world battle a new virus that has spread from China.
Source: CTVNews - 🏆 1. / 99 Read more »
South Sudan's rival leaders form coalition governmentSouth Sudan opened a new chapter in its fragile emergence from civil war Saturday as rival leaders formed a coalition government that many observers prayed would last this time around.
Source: CTVNews - 🏆 1. / 99 Read more »
COVID-19: Coronavirus multiplies eight-fold in South Korea as cases jump to 433Their health minister expressed cautious optimism that the outbreak can be contained to the region surrounding Daegu, where the first case was reported.
Source: GlobalNational - 🏆 81. / 51 Read more »
South Sudan's rivals form unity government meant to end warSouth Sudan opened a new chapter in its fragile emergence from civil war Saturday as rival leaders formed a coalition government that many observers prayed would last this time around. Again? This must be the 3rd time this past decade A small impoverish country destroying itself because of greed in all its destructive forms. Hope it works out better then what these people have experienced for years. This is awesome.
Source: CTVNews - 🏆 1. / 99 Read more »