UPDATE 1-Peugeot shares climb despite glum outlook

Newswire

(Recasts with share price move, analyst comments, background) PARIS/WUHAN, China, Oct 27 (Reuters) - Shares in French carmaker PSA Peugeot Citroen rose sharply on Friday on buying from hedge funds as the market shrugged off a largely expected profit warning from the company. Peugeot shares added 1.76 percent to 44.60 euros by 0847 GMT, making them the biggest gainers in Paris's blue-chip CAC-40 index and outperforming a softer DJ Stoxx auto index . "Hedge funds were short. The profit ...

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