Why Hyundai Motor (HYUNDAI) fell 1.97% on August 4, 2026

Hyundai Motor (HYUNDAI) fell 1.97% on August 4, 2026 — Korea core inflation surge pressures tech.

The Korea Tech complex sold off as South Korea's core inflation printed at a 2½-year high, dragging cyclical names lower in sympathy with the broader domestic equity weakness.

Higher core inflation keeps the BOK tighter for longer, raising domestic funding costs and dampening consumer demand — pressuring automakers' domestic sales and financing margins.

Hyundai is moving with Korea Tech as the HBM/DRAM rally that had anchored Korean equities loses momentum; domestic monetary headwinds now overshadow any global EV tailwinds.

If the BOK signals a pivot to easing or Q3 earnings show resilient export demand despite higher rates, Hyundai could decouple upward from the domestic squeeze narrative.