Sales of equity-linked securities (ELS) and equity-linked bonds (ELB) in South Korea fell 41.7% in the first half of the year compared to the previous six months, totaling 27.7 trillion won. This decline is attributed to significant stock market volatility and Mideast tensions.
Hyundai Motor Co. reported a 5.9% year-on-year decline in global sales for June, totaling 338,313 vehicles, with both domestic and overseas demand falling. First-half sales also dropped 4.9%, though the company anticipates a gradual recovery driven by new model launches.
Nike exceeded Wall Street's earnings and revenue expectations for its fiscal fourth quarter, reporting 20 cents adjusted EPS and $10.97 billion in revenue. Despite a 12% drop in China sales, a significant tariff refund boosted gross margin and EPS.
South Korean companies' direct financing dropped 10.9% to 20.14 trillion won in May, primarily due to a 15.4% fall in corporate bond sales, despite a rise in stock sales, according to the Financial Supervisory Service.
Goldman Sachs has significantly raised its forecast for China's passenger vehicle exports, projecting 7.8 million units in 2026 and 10 million by 2030. This increase is driven by the accelerating exports of competitive new-energy vehicle models and China's consolidating foothold in the global auto market.
Hyundai Motor and Kia Corp. saw a combined 2.4% decrease in European vehicle sales in May compared to the previous year, selling 86,444 units. Hyundai's sales fell 18.8%, while Kia's rose 14.9%. For January-May, combined sales are down 2.4%.
Hyundai Motor reported a 7.7% year-on-year decline in global sales for May, selling 325,473 vehicles. The decrease was attributed to production disruptions caused by parts supply shortages, with overseas sales down 4.6% and domestic sales down 23.1%.
China's lottery sales in April decreased by 6.4% year-on-year to 54.073 billion yuan. The Ministry of Finance attributed this to a high sales base in the previous year and fewer sports events, impacting scratch-off and sports lottery sales respectively. Cumulative sales for Jan-Apr also saw a 4.0% decline.
Hyundai Motor reported an 8 percent drop in global sales for April, citing production shortfalls and supply chain disruptions. Domestic sales saw a significant 19.9 percent decline, while international sales fell by 5.1 percent.
