[Special Stock] Hyundai Motor Surges Over 7% in One Day on US Tariff Suspension

Hyundai Motor Company's stock price sharply rebounded just one day after hitting a 52-week low, recovering to the 190,000 KRW range.

As of 9:40 a.m. on the 10th, Hyundai Motor's stock price rose 7.02% from the previous day to 190,500 KRW. It sharply bounced back just one day after hitting a 52-week low of 177,300 KRW the day before. Other Hyundai Motor Group-related automobile stocks, such as Kia (4.42%) and Hyundai Mobis (3.19%), also showed a simultaneous upward trend.

Investor sentiment appears to have recovered following U.S. President Donald Trump's announcement of a mutual tariff suspension. On the 9th (local time), President Trump stated via social media, "I have approved a 90-day suspension of tariffs, during which only a low general tariff of about 10% will be imposed." However, he also announced that tariffs on China would be increased to 25%.

Following the tariff delay news, the Nasdaq index rose 12.16% compared to the previous day. The Dow Jones Industrial Average and the S&P 500 index also surged 7.87% and 9.52%, respectively. This marks the largest increase since the 2008 global financial crisis.