Hyundai Mobis, South Korea's leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year.The auto parts arm of Hyundai Motor Group unveiled its plan during the Mobis Mobility .
The South Korea stock market has moved lower in three straight sessions, slipping more than 20 points or 0.8 percent along the way. The KOSPI now sits just above the 2,720-point plateau and it may extend its losing streak on Friday.
South Korean stocks opened sharply lower Friday, tracking overnight losses on Wall Street amid lowering hopes for the US Federal Reserve's early rate cuts. The benchmark Korea Composite Stock Price Index shed 34.27 points, or 1.26 percent, to 2,687.54 in the first 15 minutes of trading. The S&P 500 fell 0.7 percent, the Dow Jones Industrial Average slid 1.5 percent, and the tech-heavy Nasdaq Composite went d.
Seoul shares dip over 1% on rate woes koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.