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South Korea auto stocks recover from early slump after Trump tariff comments
Yahoo Finance· 2026-01-27 02:23
SEOUL, Jan 27 (Reuters) - Shares of South Korea’s automakers clawed back early losses after U.S. President Donald Trump said in a social media post he would raise tariffs on South Korean goods, including autos, to 25% from 15%. Shares of Hyundai Motor reversed course to gain 1.1% after falling as much as 4.8% earlier, while sister company Kia Corp was down 1% after dropping as much as 6%. Hyundai Mobis was trading down 0.1% after earlier losses of up to 5.7%. The benchmark KOSPI was trading up 1. ...