UPDATE 1-Hyundai Q3 profit plunges on weak sales, currency

Newswire

SEOUL, Oct 30 (Reuters) - Hyundai Motor Co. , South Korea's top auto maker, posted a 47 percent drop in third-quarter profit, hit by derivatives losses and a firmer local currency that dented export earnings. Hyundai, the world's No.6 auto maker along with affiliate Kia Motors Corp. , should see earnings improve in the current fourth quarter as overseas sales and lower oil prices outweigh sluggish demand on the home market. Hyundai, which controls half the South Korean auto market, ...

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