Business · Markets · 3 hrs ago
Hyundai Motor and Kia shares rise on hopes for softer US tariff pressure
Hyundai Motor and Kia shares rose about 4% to 5% early in trading in Seoul on Nov.
5.
Investors saw a possible shift in US tariff policy after Democrats won a decisive victory in the US midterm elections.
President Donald Trump had pursued a tough tariff policy, and some investors expected his influence to weaken.
The two carmakers had already faced concerns about lower profits because of a weaker won and stronger competition.
Hyundai Motor had fallen 62% and Kia 54% from their yearly highs, based on the previous day's closing prices.
The early gains reflect investor expectations, not a confirmed change to US tariffs, and no next step was reported.
Hyundai Motor and Kia shares rose sharply early on Nov. 5 amid hopes that US tariff pressure could ease.
Hyundai Motor was up 5.29% and Kia was up 4.18% at 9:25 a.m. local time.
Hyundai Motor briefly rose 8.64% after the market opened.
The gains came amid expectations that a Democratic landslide in the US midterm elections could weaken President Donald Trump’s influence over tariff policy.
Concerns about lower profitability had persisted because of a weaker won and stronger industry competition.
- Who
- Hyundai Motor and Kia.
- What
- Their shares rose sharply in early trading.
- When
- Nov. 5, 2026; prices were reported at 9:25 a.m. local time.
- Where
- South Korea’s stock market.
- Why
- Some investors expected a Democratic landslide in the US midterm elections to weaken President Donald Trump’s influence over tariff policy.
This story does not have two clearly opposing sides.
Democrats won a landslide, prompting expectations that President Donald Trump’s influence over tariff policy could weaken.
Hyundai Motor and Kia shares rose sharply in early trading.
Hyundai Motor was up 5.29% and Kia was up 4.18%.
- Hyundai Motor
- Up 5.29% to 298,500 won at 9:25 a.m. on Nov. 5
- Kia
- Up 4.18% to 99,800 won at 9:25 a.m. on Nov. 5
- Hyundai Motor’s intraday high
- Up 8.64% to 308,000 won after the market opened
- Hyundai Motor’s decline from annual high
- 62% as of the previous day’s close
- Kia’s decline from annual high
- 54% as of the previous day’s close