South Korean auto stocks plunge after Trump's tariff threat

On Monday evening local time in Sweden, Trump threatened to raise tariffs from 15 percent to 25 percent because he said he did not think South Korea was living up to its trade agreement with the United States. At the opening, Hyundai and Kia fell 4 and 5 percent respectively, CNBC reports. Later in the trading day, Hyundai was down 0.2 percent, while Kia was down 1.3 percent.

However, the South Korean KOSPI is rising, up 1.9 percent.

In Japan, the Nikkei 225 index is up 0.4 percent, while the broader Topix is up 0.1 percent.

The Hang Seng in Hong Kong climbed 1.2 percent. In China, Shenzhen fell 0.4 percent, while Shanghai was unchanged.