Korean Air counter falls over affiliate funding
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[SINGAPORE] Korean Air Lines dropped the most in two years in Seoul trading on concerns that the company may provide further funding to its affiliate Hanjin Shipping.
South Korea's biggest carrier fell as much as 9.9 per cent, the most since September 2011, to 34,600 won and traded at 34,750 won as at 12.13 pm in Seoul. The stock was the worst performer on the MSCI Asia Pacific Index yesterday.
Hanjin Shipping gained 1.9 per cent to 7,960 won, after earlier surging as much as 4 per cent. The benchmark Kospi Index fell 0.7 per cent.
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