Hyundai Motor's shares jump as US finalises auto tariff cut
ReutersDec 4, 2025 2:18 AM
Shares of Hyundai Motor Co 005380.KS rise 4.9%, set for their biggest gain since October 31, if current trend holds
Shares of sister automaker Kia Corp 000270.KS edge 0.3% higher
The U.S. announced that tariffs on auto imports from South Korea will be lowered to 15%, from the current 25%, effective with respect to automobiles and automobile parts entered on or after November 1
The announcement comes after South Korean President Lee Jae Myung and U.S. President Donald Trump finalised a trade deal at their second summit meeting on October 29
A South Korean group of auto companies issues a statement welcoming the announcement for clearing uncertainty
The broader KOSPI market .KS11 down 1.1%, as of 0209 GMT
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