August 30, 2017 / 12:30 AM / a year ago

Hyundai Motors shares slump after production suspended in China

SEOUL, Aug 30 (Reuters) - Shares of Hyundai Motor skidded nearly 4 percent in morning trade on Wednesday, after the South Korean automaker said it had suspended production at its four Chinese factories due to supply disruption.

Media reports said one supplier had refused to supply parts to Hyundai Motor, after the automaker was unable to pay the company in the wake of a sales slump linked to diplomatic tensions between Seoul and Beijing.

Hyundai Motor shares fell as much as 3.8 percent to their lowest level since April 20. (Reporting by Hyunjoo Jin; Editing by Stephen Coates)

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