Shares of Hyundai and Kia gained after the information about an upcoming cooperation agreement with Apple


Shares Hyundai, Kia “wave” after information about car production cooperation with Apple

Shares of Hyundai and Kia rose up, despite Korean stocks being red on the floor and even dropping the most points in Asia-Pacific on January 4 trading day.

Shares of Hyundai Motor rose 1.22% on January 4 trading in the Korean market.

Specifically, the Kospi index of Korea this afternoon closed at 3,087.55 points, down 1.35%. Shares of the two leading Korean automakers Hyundai Motor and Kia Motors rose 1.22% and 0.41% on January 4 trading day, respectively. The two stocks rebounded and gained after CNBC sources revealed that US technology company Apple is about to complete an agreement with the Hyundai-Kia alliance to develop an Apple-branded autonomous electric vehicle at the assembly plant. of Kia in West Point, Georgia, USA.

Yesterday, Kia shares soared after news that the automaker would sign a 4 trillion won (approximately $ 3.59 billion) deal with Apple to produce electric cars, according to Reuters.

In Japan, the Nikkei 225 index ended the day down 1.06% to 28,341.95 points, while the Topix index slipped 0.32% to 1,865.12 points.

Mainland Chinese stocks also closed in the red this afternoon, with the Shanghai Composite Index falling 0.44% to 3,301.86 points while the Shenzhen Component Index slipped 0.83% deeper to 15,105.94 points. On the Hong Kong market, the Hang Seng Index decreased by about 0.6%, up to the end of the day trading hours.

The Australian market today also sank in red regardless of the country’s export performance in December has improved. The S & P / ASX 200 index slipped 0.87% to 6,765.50 points. According to the announcement on January 4 of the Australian Bureau of Statistics, the country’s exports of goods and services in December rose 3% from the previous month.

Overall, the MSCI Asia-Pacific (excluding Japan) slipped 0.65% today.

US stocks last night recorded contradictory developments. The S&P 500 rose 0.1% and closed at 3,830.17 points, while the Dow Jones industrial average edged up 36.12 points to 30,723.60. In contrast, the Nasdaq Composite slipped slightly to 13,610.54 points.

On the money market, the US dollar index against other major currencies rose to 91,319, from 90.8 at the beginning of the week. Japanese Yen depreciated against the greenback and converted 105.22 JPY / USD, from 105 JPY / USD set yesterday. Meanwhile, the Aussie dollar also weakened and traded 1 AUD / 0.7626 USD, compared to the AUD 1 / USD 0.768 level normally seen last week.

Oil prices on the Asian market went up this afternoon. Brent crude oil futures price rose 0.86% to 58.96 USD / barrel, while crude oil delivered in the US also rose by 0.9% and traded at 56.19 USD / barrel.

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