SEOUL (Reuters) – Shares of South Korea’s Kia Corp fell more than 1% on Wednesday after the automaker said on Tuesday that its third-quarter earnings will reflect an additional provision of 1.54 trillion won ($1.08 billion) as it continues to suffer the effects of engine recalls from years ago. The benchmark KOSPI was trading up […]
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Shares of Kia down 1.3% after booking additional $1.1 billion provision
SEOUL (Reuters) – Shares of South Korea’s Kia Corp fell more than 1% on Wednesday after the automaker said on Tuesday that its third-quarter earnings will reflect an additional provision of 1.54 trillion won ($1.08 billion) as it continues to suffer the effects of engine recalls from years ago.
The benchmark KOSPI was trading up 0.01% as of 0005 GMT.
($1 = 1,424.6400 won)
(Reporting by Heekyong Yang and Joyce Lee; Editing by Kim Coghill)