LIG Defense&Aerospace Shares Fall as Much as 14% After Earnings Miss
The South Korean guided-missile maker’s shares fell as much as 14% in early Monday trading after weaker-than-expected third-quarter results, then trimmed some losses. The report also described a broad selloff in South Korean defense stocks.
By Kwanwoo JunLIG Defense&Aerospace shares fell sharply after weaker-than-expected third-quarter results, leading a broad selloff in South Korean defense stocks.Shares in the South Korean guided-missile maker lost as much as 14% in early Monday trading, before trimming some losses. The stock was la…