Korea Gas Shares Tumble on Report ABS Sale Scrapped: Seoul Mover
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Korea Gas Corp., the world’s biggest liquefied natural gas importer, tumbled the most in more than three years in Seoul share trading after a report that the company scrapped its plan to sell asset-backed securities.
The shares retreated 6.8 percent to 72,200 won at the close on the Korea Exchange, its steepest loss since Sept. 30, 2009. It’s the worst-performing stock on the MSCI Asia Pacific Index today.