[Market Focus] Trump Lowers Tariffs on British Cars; Hyundai Motor and Kia Rally

As the Donald Trump administration decided to lower tariffs on British-made automobiles, automobile-related stocks such as Hyundai Motor and Kia are showing strength in the domestic stock market on the morning of the 9th.

As of 9:23 a.m. on this day, Hyundai Motor shares are trading at 192,600 won per share, up 2.94% from the previous session. Kia is also up 3.08%, trading at 90,500 won.

This follows the Trump administration's announcement on the 8th (local time) of a trade agreement with the United Kingdom to reduce tariffs on automobiles from 25% to 10% for up to 100,000 vehicles per year. The figure of 100,000 vehicles nearly matches the number of cars the UK exports to the US annually. As a result, there is growing expectation for tariff reductions in negotiations with South Korea as well, which is believed to be driving buying momentum.

This content was produced with the assistance of AI translation services.