Ongoing Geopolitical Risk Priced In to Hyundai Motor's Shares
Hyundai Motor's shares dropped more than 4.4% on March 3 after media reports of Chinese tour operators being ordered to stop selling tour packages to South Korea, as well as photos of a vandalized Hyundai car being circulated on Chinese social media sites. Such events are related to the South Korean government's decision to allow the deployment of Terminal High-Altitude Area Defense, a U.S. air missile defense system. The issue has a been a point of contention between China and South Korea since...Hyundai Motor is engaged in the manufacture and distribution of motor vehicles and parts. Co.'s passenger automobiles include Accent, Elantra, Sonata, Azera, Genesis, XG and Tiburon. Co.'s recreational vehicles include Santa FE, Tucson, Veracruz and Entourage. Co.'s commercial vehicles include H-1 Truck, Mighty II, 5 Ton Cargo, Tractor, Dump Truck, Aero Town, and Aero Queen.
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