Hyundai shuts factory in South Korea due to COVID19, shares fall by 5%

▴ Hyundai shuts factory in South Korea due to COVID19
Hyundai Motor suspended production at one of its factories in South Korea's Ulsan city after a worker tested positive for coronavirus, shares of the automaker dropped more than 5% after the news.
A Hyundai Motor worker has tested positive for the new coronavirus, leading to a suspension of production at one of its factories in South Korea's southeastern city of Ulsan, the company said on Friday. Shares of the automaker dropped more than 5% after the news, while the wider market was down 2.6%. The closing deals a fresh setback to Hyundai Motor, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak.
South Korea has the most infected people outside China, affecting companies like Samsung and Hyundai. South Korea on Friday reported 256 new cases, bringing the total number of infected to 2,022. A union spokesman confirmed that a worker had tested positive, but he did not have more details.
Tags : #Hyundai #Southkorea #Coronavirus #Sharesfall

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Shattering Boundaries in Gynecological Surgery: Dr. Manjula Anagani Pioneers the Hugo™ RAS System in Asia-PacificApril 12, 2025
Moscow Scientists Develop Advanced Liver Phantom for Radiologists TrainingApril 11, 2025
Sightsavers India and GSVM Medical College, Kanpur Partner to Strengthen Ophthalmology Training Through Infrastructure Development and Skill BuildingApril 11, 2025
Sweating to Death: The Dark Side of India's Blistering SummerApril 10, 2025
When Zoning Out Makes You Smarter: The Surprising Truth About Mental DriftApril 10, 2025
Parkinson's Disease: A Growing Concern with Early Onset Cases Rising in IndiaApril 10, 2025
When the Womb Turns Against the Mind: The Shocking Cost of Gestational DiabetesApril 10, 2025
Introducing Atlan® A100 - Dräger’s Latest Innovation in Anaesthesia WorkstationsApril 10, 2025
April 10, 2025
Hinduja Foundation and Gulf Oil Lubricants India Ltd. Install 500 LPH Water ATM in Chotila, Rajkot to Provide Safe Drinking Water for Communities and TruckersApril 10, 2025
Our Brain's Hunger Games: How Mental Cravings Attack ImmunityApril 09, 2025
Inhale Anxiety, Exhale Joy: Is Air Pollution Ruining Mental Health?April 09, 2025
Are You Slowly Killing Your Brain: Habits That Steal Your Memory, Mood, and Mental StrengthApril 09, 2025
Baby & Mom Retail Launches it's New Healthcare Equipment Brand CORVELLApril 09, 2025
Wellbeing Nutrition unveils a new campaign with their Brand Ambassador, Sharvari, Celebrating the power of “Beauty Within”April 09, 2025
Given the rise in heart attack cases in womenApril 08, 2025
CARE Hospitals Marks World Health Day 2025 with ‘Walk for a Healthy Beginning’ at CharminarApril 08, 2025
Cancer, Obesity, Mental Health, India’s top health concerns: Ipsos Health Service Report 2024 April 08, 2025
Why Loneliness Might Be the Real Reason You're Always Falling SickApril 08, 2025
Is Your Beverage Choice Secretly Harming Your Mind?April 08, 2025