[Featured Stock] Kia Motors Hits VI and 52-Week High on Apple Car Expectations
[Asia Economy Reporter Lee Seon-ae] Kia Motors is experiencing a sharp rise on the 20th due to expectations surrounding the Apple Car. Although Hyundai Motor Group has stated that no decisions have been made regarding the Apple Car, it is analyzed that investors are flocking due to the anticipation.
On the morning of the 20th, Kia Motors triggered a VI (Volatility Interruption) immediately after the market opened, and the stock price rose to 99,500 KRW during the session, setting a new 52-week high. As of 9:12 AM, it is trading at 95,000 KRW, up 14.3% from the previous day, with a 12.23% increase.
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Previously, on the 19th, Kia Motors closed the day at 83,400 KRW, up 16.64% (11,900 KRW). This is the first time the stock price has surpassed 80,000 KRW since May 2012. On this day, Kia Motors surpassed Hyundai Mobis to rank 10th in market capitalization.
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