Hyundai Shares Climb After Quarterly Earnings Top Forecasts
- Helped by weakness in Korean won, strong SUV and Genesis sales
- Uncertain outlook due to Chinese lockdowns, commodity prices
Customers browse a Hyundai Genesis GV80 crossover SUV in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Hyundai Motor Co. shares rose the most in two weeks after the company’s first-quarter operating income beat analyst expectations, jumping 16% from a year earlier as a weaker Korean won offset supply-chain snags.
The shares closed up 1.1% in Seoul after rising as high as 2.5%.