Tag Archives: hit Hyundai’s Q2 profit

currency strength, weak global demand hit Hyundai’s Q2 profit

Hyundai Kia Motor Cars Headquarters, Seoul, Korea - currency strength, weak global demand hit Hyundai's Q2 profit

Hyundai said its net profit for the second quarter fell the most since the first quarter of last year, as the automaker was hit by the local currency’s sharp gain versus the dollar. The automaker warned that it expects a tough second half as the South Korean won remains strong and global demand growth weakens.