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.
Reported by AI
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.