Kia Motors shares rise over 3 pct on hope of first Mexico factory
SEOUL, June 26 (Reuters) - Shares of Kia Motors Corp jumped more than 3 percent on Thursday, heading for their biggest daily percentage gain in over a month on expectations the South Korean automaker may build its first factory in Mexico.
South Korea's Maeil Business Newspaper reported on Thursday that Kia Motors plans to sign a preliminary deal soon to build the car factory, citing an official at the automaker.
Reuters early this month reported about the new factory plan.
A Kia spokesman reiterated that the automaker is considering various options to resolve capacity constraints in the United States, but no decision had been made.
Kia shares were up 3.1 percent at 56,200 Korean won by 0420 GMT, after touching a high of 56,300 Korean won. (Reporting by Hyunjoo Jin and Jungmin Jang; Editing by Anand Basu)
© Thomson Reuters 2017 All rights reserved.