[Special Stock] Auto Stocks Rally on Trump Tariff Suspension Hopes

Automotive-related stocks, including Hyundai Motor and Kia, are on the rise. This is interpreted as being influenced by news that some items, including automobiles, may be excluded from the reciprocal tariffs announced by the Donald Trump administration in the United States, scheduled for the 2nd of next month.

As of 3:10 PM on the 24th, Hyundai Motor was trading at 213,000 KRW, up 4.15% (8,500 KRW) compared to the previous trading day. Kia is also up 3.45%. Along with these, parts suppliers such as Hyundai Wia (5.89%), Hyundai Mobis (5.07%), and HL Mando (4.59%) are also showing upward trends.

This rise is interpreted as being due to the possibility that some items, including automobiles, may be excluded from the tariffs to be imposed next month. Earlier, the second Trump administration announced that April 2 would be 'America Liberation Day' and stated that it would impose item-specific tariffs and reciprocal tariffs by country simultaneously.

According to The Wall Street Journal (WSJ), "The Trump administration is narrowing the scope of tariffs to be enforced," reporting that the administration is considering postponing item-specific tariffs applied to individual industries such as automobiles and semiconductors, and instead imposing reciprocal tariffs first.