BUZZ-Valeo up as US lowers tariffs on South Korea, <a href="https://laohu8.com/S/BYDDY">BYD</a> posts better-than-expected sales** Shares in French car parts supplier Valeo VLOF.PA rise 2.6% after the U.S. announced lower tariffs on South Korea and Chinese automaker BYD posted better-than-expected sales
** U.S. commerce secretary on Monday confirmed that the tariff rate on imports from South Korea would drop to 15%, retroactive to November 1
** "For Valeo ... it is more the supply of electronics that is particularly important," TP ICAP Midcap analyst told Reuters
** He adds the slightly better-than-expected new car sales in China of BYD 002594.SZ, Valeo's client and partner, also added to the market reaction
** Shares in Valeo are on track for their best day since November 3 if the gains hold
(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))
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