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Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand

Hyundai first-quarter profit tumbles 44%, far short of estimates, as coronavirus slams China demand

South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade, as the coronavirus hit demand in China and due to losses at its financial business.