The KOSPI and KOSDAQ indices are rising in the early session on the 25th. This appears to be due to expectations that U.S. President Donald Trump may apply tariffs less intensively than previously feared.
The KOSPI index reached 2645.12 at 9:04 a.m. on the 4th, up 13.05 points (0.5%) from the previous day. At the same time, the KOSDAQ index recorded a rise of 4.25 points (0.59%) to 724.47. In both markets, only individuals are engaged in buying, while foreigners and institutions are on a net selling spree.
Among the top market capitalization stocks in the KOSPI market, most of Samsung Electronics, SK hynix, LG Energy Solution, and others rose from the previous day. In particular, the strength of Hyundai Motor Group stocks such as Hyundai Motor, Kia, and Hyundai Mobis stands out as they announced large-scale investments in the United States, which seems to have spurred investor sentiment.
Hyundai Motor Group Chairman Euisun Chung met with President Trump at the White House on the 24th (local time) and announced plans to invest $21 billion (about 31 trillion won) in the United States over four years from this year until 2028 in areas such as automotive, parts, logistics, steel, and future industries. This is the largest investment since Hyundai Motor entered the U.S. market in 1986.
Among the top market capitalization stocks in the KOSDAQ market, Alteogen, Ecopro BM, Ecopro, HLB, and Rainbow Robotics started strong. However, Sam Chun Dang Pharm, Kolon TissueGene, and HUGEL are trading at lower prices than the previous day.
During the announcement of Hyundai Motor Group's investment in the United States, President Trump delivered a moderate message regarding the tariffs scheduled for the 2nd of next month. He stated, "We could grant exemptions to many countries." He also mentioned, "Even though these are tariffs, we can be kinder" and, "We might impose lower tariffs than they do."
The New York Stock Exchange rebounded as inflationary burdens from the tariff war eased. Overnight, the Dow Jones Industrial Average rose 1.42%. The large-cap focused Standard & Poor's 500 Index and the tech-heavy Nasdaq each rose 1.76% and 2.27%, respectively.