HKG:0883 News 5 January 2026

January 26, 2026, 7:45 PM EST. South Korean auto stocks slid sharply after U.S. President Donald Trump announced plans to raise tariffs on South Korea from 15% to 25%, citing Seoul's failure to approve a trade deal with Washington. Hyundai and Kia shares dropped 4% and 5% respectively, pulling the Kospi index down 0.36% after a strong start to the year. However, the Kosdaq small-cap index rose 1.41%. Elsewhere, Asia-Pacific markets showed mixed openings: Australia's S&P/ASX 200 surged 1.22% to a nearly three-month high, while Japan's Nikkei 225 and Topix fell by around 0.3%. Hong Kong Hang Seng futures edged higher, signaling cautious investor sentiment across the region amid rising geopolitical trade tensions.