Hyundai Motor shares gain after Elliot calls for better governance

Shares of Hyundai Motor Co gained 4.6 percent after a unit of U.S. activist hedge fund Elliott Management said the company needed to do more to improve governance, while welcoming the auto maker`s decision to streamline its structure.

Hyundai Mobis, Hyundai`s parts making affiliate, had jumped more than 5 percent as of 0014 GMT, versus the wider market`s 0.1 percent fall.

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