Hyundai Shipbuilding Stocks Drop 29 Percent

Hyundai Heavy Industries stock fell by a record 29 percent today after the company announced a plan to sell 12.5 million new shares by March to create capital and hedge against a variety of struggles facing the industry. The company is the second largest ship builder in the world. Shares of Hyundai Heavy Industries’ holding company, Hyundai Robotics, and one
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