Hyundai nears 100 tril.-won market cap on optimism over robotics, self-driving projects

SEOUL -- The market capitalization of Hyundai Motor Co. was seen approaching the 100 trillion-won (US$67.7 billion) level for the first time Tuesday, as growing investor optimism over its robotics and autonomous driving initiatives drove the company's share price toward record highs.The share price of Hyundai Motor rose as high as 496,500 won in early trading, briefly lifting the company's market capitalization to more than 101.66 trillion won. The gains were reduced in afternoon trading, with the market cap hovering at around 98.8 trillion won as of 2:50 p.m.Industry watchers said expecta…READ FULL ARTICLE