[Featured Stock] HD Hyundai Electric Rises on Mutual Tariff Exclusion

HD Hyundai Electric is showing strong performance in early trading. This follows its exclusion from the finalized company-specific anti-dumping tariff rates announced by the U.S. Department of Commerce.

As of 9:46 a.m. on the 4th, HD Hyundai Electric is trading at 305,000 KRW, up 12,500 KRW (4.27%) compared to the previous trading day.

According to related industries, the anti-dumping tariff rate on Korean-made extra-high voltage transformers exported to the U.S. has been decided and is expected to be announced as early as the 4th (Korean time).

While the tariff is known to be imposed at a maximum rate of 18%, HD Electric was excluded from the tariff application in the U.S. Department of Commerce's company-specific anti-dumping tariff rate results announced the day before.