Automobile
Seoul stocks open sharply higher on tech, auto gains but trim later
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South Korean stocks opened over 1 percent higher on Monday, tracking Wall Street gains, as investors bought technology and automobile shares, but pared gains later in the morning due to profit-taking by foreigners and institutions. The KOSPI surged to a record 5,900.75 in early trading but stood at 5,835.77 by 11:20 a.m. The rally is fueled by optimism over artificial intelligence and strength in chipmakers.
In 2025, new car registrations in France are expected to drop 5% from 2024, with nine out of ten French people finding vehicles too expensive. The average price rose 24% from 2020 to 2024, from €28,107 to €34,872, per the Institut Mobilités en transition.
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Following initial reports of the EU Commission's plan to soften the 2035 combustion engine ban to a 90% CO2 reduction target, Germany claims success amid shifting geopolitical and economic pressures, with flexibilities allowing continued production of gasoline and diesel engines.