Shares of South Korean automakers rise on US comments on tariff exemption
ReutersFeb 13, 2025 12:20 AM
SEOUL, Feb 13 (Reuters) - Shares of South Korean automakers rose on Thursday, after the Republican U.S. House of Representatives speaker said he believes President Donald Trump was considering exemptions to reciprocal tariffs that include the automobile and pharmaceutical industries.
Hyundai Motor 005380.KS shares rose as much as 3.99%, the biggest daily jump in more than a month, while sister automaker Kia Corp 000270.KS climbed 3.6%, after four sessions of declines, leading the benchmark KOSPI's .KS11 0.7% rise.
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