Hyundai sees 10th consecutive profit drop

Hyundai Motor Co said Britain’s move to leave the European Union and slumping emerging market economies are weighing on its outlook for the second half of the year after posting its 10th consecutive drop in quarterly profit. South Korea’s largest automaker expects unfavorable market conditions on Brexit-related uncertainties and a continued slowdown in emerging markets, Choi Byung-chul, Hyundai’s chief financial officer, said on a conference call.