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Short sellers wager shipbuilder misery to deepen

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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.

Seoul

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...

sentifi.com

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