Shares of Japanese auto companies are trading higher amid the UAW strikes, which could negatively impact American competitors.
Portfolio Pulse from Benzinga Newsdesk
Japanese auto companies' shares are trading higher due to the UAW strikes, which could negatively impact their American competitors.
September 19, 2023 | 6:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Honda Motor Co., Ltd. (HMC) shares are trading higher due to the UAW strikes.
The ongoing UAW strikes in the US could disrupt the operations of American auto companies, potentially giving an advantage to foreign competitors like Honda. This could lead to a short-term increase in Honda's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Toyota Motor Corporation (TM) shares are trading higher due to the UAW strikes.
The ongoing UAW strikes in the US could disrupt the operations of American auto companies, potentially giving an advantage to foreign competitors like Toyota. This could lead to a short-term increase in Toyota's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80