[Market Focus]Hyundai Motor Up 3%...Driven by U.S. Ruling That Reciprocal Tariffs Are Illegal?

Hyundai Motor's share price is rising more than 3% from the previous day in early trading. This is interpreted as being influenced by the U.S. Supreme Court's ruling that reciprocal tariffs are illegal.

As of 9:25 a.m. on the 23rd, Hyundai Motor is trading at 525,000 won, up 3.14% (16,000 won) from the previous day. During the session, Hyundai Motor's share price even reached 538,000 won. At the same time, Kia is trading at 172,800 won.

This appears to reflect improved market sentiment as uncertainty surrounding the Donald Trump administration has been resolved by the U.S. Supreme Court's ruling that reciprocal tariffs are illegal. However, despite this ruling, item-specific tariffs, including those on automobiles, will remain in place.

Hyundai Motor and Kia are known to have borne more than 7 trillion won last year due to the impact of the 25% tariff imposed on exports to the United States.