Shares in South Korean automakers slide after Trump post on raising tariffs

Core Viewpoint - Hyundai Motor shares experienced a 4% decline at the opening on Tuesday following a social media announcement by U.S. President Donald Trump regarding an increase in tariffs on South Korean goods, including automobiles, from 15% [1] Company Impact - The announcement of tariff increases is expected to negatively impact Hyundai Motor's stock performance and overall market perception [1] Industry Implications - The potential rise in tariffs on South Korean automobiles could lead to increased costs for consumers and affect sales in the U.S. market, which is a significant region for Hyundai [1]