On the 9th, after news of the suspension of discussions on autonomous vehicle development with Apple, Hyundai Motor Group stocks ended in a mixed trend in the securities market.
On this day, Hyundai Motor Company closed the deal at 236,000 won, up 1.07% from the previous day.
It fell to 232,000 won at the beginning of the market and then turned to an uptrend and maintained a strong strength.
Hyundai Mobis also rose 1.09% to 325,000 won.
Kia Motors closed the deal at 84,900 won, down 1.62%.
Although only Kia Motors fell for two days in a row, compared to the previous day when Hyundai Motors (-6.21%), Kia Motors (-14.98%), and Hyundai Mobis (-8.65%) all plummeted, it has calmed down in one day.
On this day, the KOSPI also ended at 3,084.67, down 6.57 points (0.21%) from the previous day.
These stocks have soared in the last month as the rumors of cooperation between Apple and Apple Cars emerged last month.
However, on the 5th (local time), Bloomberg News reported that Apple recently stopped discussions with Hyundai Motors and Kia for the development of electric vehicles, and Hyundai Motors, Kia and Hyundai Mobis said on the 8th, “Consultation with Apple for the development of autonomous vehicles. It was not in progress,” he said, and dropped significantly.
Securities companies evaluated the decline in stock prices the day before as a short-term adjustment period.
Kim Jin-woo, a researcher at Korea Investment & Securities Co., said, “The plunge in the stock price the previous day was due to the realization of profits.”
Moonsoo Jang, a researcher at Hyundai Motor Securities, said, “Through rational inferences from market participants, only a small number of OEMs including the Hyundai Motor Group have confirmed that this collaboration is possible.” Analyzed.
/yunhap news
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