South Korea auto stocks recover from early slump after Trump tariff comments
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Shares of South Korea's automakers, including Hyundai Motor and Kia Corp, recovered from early losses after President Trump announced a tariff increase on South Korean goods, particularly autos, from 15% to 25%. Hyundai Motor gained 1.1% after a 4.8% drop, while Kia Corp fell 1% after a 6% decline. The KOSPI index rose 1.2%, and the won weakened by 0.52% against the dollar. Analysts expect auto export tariffs to remain at 15% despite Trump's comments.
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Source: CNA The copyright of this article belongs to the original author/organization.
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