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Kia Motors shares skid to over four-year low on poor earnings
[SEOUL] Shares in Kia Motors extended losses to their lowest intraday level in more than four years on Monday after the South Korean automaker reported disappointing fourth-quarter profit on Friday, prompting brokerages to downgrade target share prices.
Kia Motors' shares ended down 5.7 per cent at 46,550 won (US$43) each, after earlier touching their lowest level intraday since November 2010. The wider market ended almost flat on Monday.