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Short sellers wager shipbuilder misery to deepen

Korean shipbuilders have become increasingly reliant on orders for rigs and drill ships as demand for ships to move consumer goods have declined amid a global economic slowdown.


SOUTH Korean shipbuilders, last year's biggest stock-market losers, are the most popular target for short sellers in 2015 as falling crude hurts oil-rig demand.

Bearish wagers used borrowed stock against Hyundai Mipo Dockyard Co rose to 7.3 per cent of shares outstanding on