European Natural Gas Prices Hold Near Three-Week Lows Amid Middle East Talks and Supply Concerns 
HSBC H1 Profit Jumps 23%, Announces $1 Billion Share Buyback and Reaffirms 2028 Targets 
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations 
Bayer Q2 Earnings Beat Forecasts as Crop Science Boosts Results, Debt Outlook Improves 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
Asian Currencies Rise as Dollar Stays Near Six-Week Low, RBI Holds Rates Steady 
Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
Asian Stocks Rally as AI Optimism Lifts Tech Shares Across Regional Markets 
Hyundai Motor had to halt its production line in South Korea once again, and just like before, the company had to make this decision due to a parts supply shortage. The assembly works in the automaker’s plant will be disrupted for a while until the parts needed are furnished.
As per Yonhap News Agency, the reason for the parts shortage was related to COVID-19. It was said that infections have spread at factories of Hyundai Motor’s main parts supplier, so it could not deliver the orders.
The suspended plants in S. Korea
It was announced that out of five Hyundai Motor factories in Ulsan, four were temporarily shut down. On Thursday, June 10, the automaker’s spokesperson confirmed it would pause the operations in some Ulsan plants.
"Several Hyundai Mobis workers were infected with COVID-19, and disrupted supplies of cockpit modules resulted in the plants' suspension," the spokesman stated.
At this time, Hyundai's factory no. 1, 2, 4, and 5 are closed, and only its plant no. 3 will continue to operate for now. The only open factory is where the production of the Avante compact and the Venue subcompact is done.
It was said that the company is expecting Hyundai Mobis, the parts supplier, to resume its operations soon, once the health authorities completed its inspection and quarantine measures. When the production starts again, the Hyundai Motor plants will, in turn, be re-opened as well.
Hyundai halted production in India
Prior to the suspension of its plants in S. Korea, Hyundai also shut down its factory in India. In May, the company was forced to close its plant in Tamil Nadu as two workers were diagnosed as positive with COVID-19.
The work was stalled for five days, and the company made this decision as many factory workers staged a sit-in protest for the safety of everyone. They are requesting Hyundai to take measures to avoid the spread of the disease and keep their workplace safe, Business Korea reported.
"The COVID-19 situation in India has become far from good, causing an extension of lockdowns," an official from Hyundai said. "So we have decided to suspend operations in India temporarily."
