South Korean Auto Makers Could Gain as Tariff Overhang Eases -- Market Talk

Dow Jones

Jul 29, 2025

0715 GMT - South Korean auto manufacturers could gain as expectation for a tariff reduction grows, says HSBC's Will Cho in a note. U.S. tariffs affected 2Q earnings, hitting original equipment manufacturers harder than parts makers, but the impact was mitigated by stronger core margins and foreign exchange tailwinds. Auto maker Kia is likely to gain further U.S. market share in 2H on strong hybrid vehicle sales amid its peers' struggles. However, he prefers Hyundai Motor to Kia, as the former has a narrower valuation gap. HSBC has buy ratings on Kia and Hyundai, and keeps its targets at 135,000 won and 270,000 won, respectively. Kia's shares are 0.2% higher at 105,700 won, while Hyundai's shares are 0.2% lower at 218,000 won. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 29, 2025 03:15 ET (07:15 GMT)

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U.S. tariffs affected 2Q earnings, hitting original equipment manufacturers harder than parts makers, but the impact was mitigated by stronger core margins and foreign exchange tailwinds. Auto maker Kia is likely to gain further U.S. market share in 2H on strong hybrid vehicle sales amid its peers' struggles. However, he prefers <a href=\"https://laohu8.com/S/HYMLF\">Hyundai Motor</a> to Kia, as the former has a narrower valuation gap. HSBC has buy ratings on Kia and Hyundai, and keeps its targets at 135,000 won and 270,000 won, respectively. Kia's shares are 0.2% higher at 105,700 won, while Hyundai's shares are 0.2% lower at 218,000 won. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 29, 2025 03:15 ET (07:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korean Auto Makers Could Gain as Tariff Overhang Eases -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korean Auto Makers Could Gain as Tariff Overhang Eases -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-29 15:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0715 GMT - South Korean auto manufacturers could gain as expectation for a tariff reduction grows, says <a href=\"https://laohu8.com/S/HSBC\">HSBC</a>'s Will Cho in a note. U.S. tariffs affected 2Q earnings, hitting original equipment manufacturers harder than parts makers, but the impact was mitigated by stronger core margins and foreign exchange tailwinds. Auto maker Kia is likely to gain further U.S. market share in 2H on strong hybrid vehicle sales amid its peers' struggles. However, he prefers <a href=\"https://laohu8.com/S/HYMLF\">Hyundai Motor</a> to Kia, as the former has a narrower valuation gap. HSBC has buy ratings on Kia and Hyundai, and keeps its targets at 135,000 won and 270,000 won, respectively. Kia's shares are 0.2% higher at 105,700 won, while Hyundai's shares are 0.2% lower at 218,000 won. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 29, 2025 03:15 ET (07:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1572","symbol_name":"香港银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2555031686","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555031686","pubTimestamp":1753773300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0715 GMT - South Korean auto manufacturers could gain as expectation for a tariff reduction grows, says HSBC's Will Cho in a note. U.S. tariffs affected 2Q earnings, hitting original equipment manufacturers harder than parts makers, but the impact was mitigated by stronger core margins and foreign exchange tailwinds. Auto maker Kia is likely to gain further U.S. market share in 2H on strong hybrid vehicle sales amid its peers' struggles. However, he prefers Hyundai Motor to Kia, as the former has a narrower valuation gap. HSBC has buy ratings on Kia and Hyundai, and keeps its targets at 135,000 won and 270,000 won, respectively. Kia's shares are 0.2% higher at 105,700 won, while Hyundai's shares are 0.2% lower at 218,000 won. 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U.S. tariffs affected 2Q earnings, hitting original equipment manufacturers harder than parts makers, but the impact was mitigated by stronger core margins and foreign exchange tailwinds. Auto maker Kia is likely to gain further U.S. market share in 2H on strong hybrid vehicle sales amid its peers' struggles. However, he prefers Hyundai Motor to Kia, as the former has a narrower valuation gap. HSBC has buy ratings on Kia and Hyundai, and keeps its targets at 135,000 won and 270,000 won, respectively. Kia's shares are 0.2% higher at 105,700 won, while Hyundai's shares are 0.2% lower at 218,000 won. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 29, 2025 03:15 ET (07:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}