Ssangyong Motor gains on govt support hopes

Newswire

SEOUL, Dec 26 (Reuters) - Shares in Ssangyong Motor jumped on Friday on expectations the South Korean government may lend support to the troubled sport-utility vehicle maker. "Expectations are ripe for some sort of support from either the domestic government or from Ssangyong's Shanghai mother company," said Song Sang-hoon, an analyst at Kyobo Securities.' "And with the way things are going, it seems the government will likely be the rescuer," Song added. Shares in South Korea's No.5 ...

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