[Featured Stock] 'Apple Car Collaboration' Brewing... Kia Motors Recovers to 80,000 Won
[Asia Economy Reporter Ji Yeon-jin] On the 26th, Kia Motors saw its stock price rise for the second consecutive day, regaining the 80,000 KRW mark, amid speculation about potential collaboration with Apple in the electric vehicle sector excluding autonomous driving.
As of 10:03 AM on the same day, Kia Motors was trading at 81,500 KRW, up 4,100 KRW (5.32%) from the previous day.
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On the 5th of this month, Kia Motors' stock price rose to a 52-week high of 102,000 KRW, fueled by expectations of Hyundai Motor's collaboration with Apple Car. However, after Hyundai Motor officially announced the failure of Apple Car negotiations, the stock price continued to decline. After closing at 80,000 KRW on the 22nd and experiencing two consecutive days of decline, the stock price has been on the rise since the previous day.
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