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View Full Version : Hyundai Heavy Gains as Surging Yen Squeezes Japan Yards: Freight - Bloomberg



NewsWhore
05-15-2012, 11:10 AM
Hyundai Heavy Gains as Surging Yen Squeezes Japan Yards: Freight (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNERDG7Drqeau_nkkU5pVUlE7nVmOg&url=http://www.bloomberg.com/news/2012-05-15/hyundai-heavy-gains-as-surging-yen-squeezes-japan-yards-freight.html)
Bloomberg
Others may have to follow to escape a yen whose increase has outpaced all other currencies against the dollar. A smaller 22 percent rise in the yuan and a 20 percent slide in the won have buoyed Chinese and South Korean shipbuilding.

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