STX Shipbuilding Shares Falls

The world's fifth-largest shipyard, STX Shipbuilding Co., fell the most in two months in Seoul trading after six executives at a unit were indicted for stealing technology from a rival.

The shipbuilder's shares dropped 7.3 percent to 53,000 won at the close. Since Nov.8, the day before prosecutors detained two of the six executives, the stock has fallen about one third. The six executives took files with them when they left Doosan Heavy Industries & Construction Co. to join STX Heavy Industries Co. The shipbuilder's biggest shareholder, STX Corp., declined 7.2 percent to 88,200 won. Doosan Heavy gained 0.7 percent to 139,000 won after falling as much as 9.1 percent.

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