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.
The West Asia war has disrupted supply chains, causing Nestlé India to face packaging shortages and a stockpile of Maggi noodles at one production unit. Bisleri has raised its 1-litre bottle price from Rs 18 to Rs 20. Automakers including Maruti Suzuki plan price hikes for small cars amid rising costs.
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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.