FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Hyundai Motor Introduces 2027 Ioniq 5 EV in South Korea

By

Hyundai Motor (KRX:005380) introduced the 2027 Ioniq 5 EV in the domestic market, equipped with advanced safety features, Yonhap News reported Tuesday.

The product's 2027 lineup is priced between 47.4 million won and 61.5 million won, the report said.

The Long-Range version has been reorganized into five trims, E-Lite, Modern, Premium, Inspiration, and N Line. Whereas, the Standard version is now being offered in a single E-Value+ trim, it said.

Shares of Hyundai Motor fell nearly 3% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Asia?

Asia

HD Hyundai Heavy Wins KRW360.7 billion Order for Two VLGCs from Europe; Shares Decline 5%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers (VLGCs) from a Europe-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 360.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029.Shares of the company fell nearly 5% in recent trade.

KRX:329180
Asia

Industrial Bank Issues 40 Billion Yuan in Tier-2 Capital Bonds

Industrial Bank (SHA:601166) issued its second tranche of Tier-2 capital bonds for the year, which amounts to 40 billion yuan, according to a Shanghai bourse filing on Saturday.The bond has a coupon rate of 1.88% and a term of 10 years, with a conditional redemption at the end of the fifth year.Proceeds will be used to supplement the company's Tier-2 capital.

SHA:601166
Asia

Adani Ports Forms New Subsidiary in UAE for Shipping Management

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has incorporated a subsidiary, Harbour International Shipping, in the UAE for the management and operation of ships, according to a Friday filing to the Indian stock exchanges.The new entity is wholly owned by The Adani Harbour International, a step-down subsidiary of the company.Harbour International has been formed to conduct its offshore operations locally in the UAE, as Adani looks to diversify its fleet globally.

BOM:532921NSE:ADANIPORTS