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Apple closing in on a deal with Hyundai-Kia

Investors will monitor shares of South Korean automakers Hyundai Motor and Kia Motors. Sources told CNBC that Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia.

On Wednesday, shares of Kia surged following a local media report that the carmaker is set to sign a 4 trillion won (about $3.59 billion) deal with Apple to build electric vehicles, according to Reuters.

Overnight stateside, the S&P 500 rose 0.1% to close at 3,830.17. The Dow Jones Industrial Average advanced 36.12 points to end its trading day at 30,723.60 while the Nasdaq Composite dipped slightly to close at 13,610.54.

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