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Hyundai Motor extends rally

Mar. 21, 2017 5:13 AM ETHyundai Motor Company (HYMTF) StockHYMLF, HYMTF, KIMTF, HYMPY, HYMPFBy: Yoel Minkoff, SA News Editor
  • Hopes that Hyundai Motor (OTCPK:HYMTF) may restructure led shares to jump 9% overnight in South Korea to their highest level in 22 months.
  • Market speculation is that activist hedge fund Elliott Management bought a share in the country's top automaker to push for changes.
  • Hyundai affiliates, Kia Motors (OTCPK:KIMTF) and Hyundai Mobis climbed more than 4% on the news.

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