Shares in South Korean automakers slide after Trump post on raising tariffs

Hyundai Mobis

27/01/2026 24:01

SEOUL, Jan 27 (Reuters) - Hyundai Motor 005380.KS shares fell 4% at the opening .KS11 on Tuesday, after U.S. President Donald Trump said in a social media post that he will raise tariffs on South Korean goods including autos from 15% to 25%.

Shares in sister automaker Kia Corp 000270.KS and affiliate Hyundai Mobis 012330.KS also fell around 3.4% and 5%, respectively.

 (Reporting by Joyce Lee
Editing by Ed Davies)

 ((joyce.lee@tr.com;))