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SEOUL, Oct 16 (Reuters) – Shares of South Korean automakers surged on Thursday amid optimism over a potential tariff agreement with the U.S. Shares of Hyundai Motor rose as much as 9.6%, hitting the highest since October 17, 2024, and sister automaker Kia jumped 8% to the firmest since July 31, 2025. The U.S. is close to finalising a trade deal with South Korea, Treasury Secretary Scott Bessent said on Wednesday, telling reporters that he expected an announcement in the next 10 days. (Reporting by Jihoon Lee; Editing by Jacqueline Wong)
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