SEOUL, Jan 29 (Reuters) - Shares in Hyundai Motor extended gains on Tuesday, jumping more than 4 percent and rebounding from recent sharp losses, as the softer South Korean currency alleviated concerns about its earnings.
The South Korean won plunged to its lowest in 13 weeks against the dollar on Monday and marked its biggest one-day decline since September 2011.
'Hyundai Motor could see further gains if the exchange rate shows further signs of stabilizing,' said Suh Sung-moon, an analyst at Korea Investment & Securities.
Shares in affiliate Kia Motors also surged 4.7 percent.
(Reporting by Hyunjoo Jin and Joyce Lee; Editing by Eric Meijer) Keywords:
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