[Featured Stock] HD Hyundai Electric Rises on Mutual Tariff Exclusion
HD Hyundai Electric is showing strong performance in early trading. This follows its exclusion from the finalized company-specific anti-dumping tariff rates announced by the U.S. Department of Commerce.
As of 9:46 a.m. on the 4th, HD Hyundai Electric is trading at 305,000 KRW, up 12,500 KRW (4.27%) compared to the previous trading day.
According to related industries, the anti-dumping tariff rate on Korean-made extra-high voltage transformers exported to the U.S. has been decided and is expected to be announced as early as the 4th (Korean time).
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While the tariff is known to be imposed at a maximum rate of 18%, HD Electric was excluded from the tariff application in the U.S. Department of Commerce's company-specific anti-dumping tariff rate results announced the day before.
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