U.S. President Donald Trump said he would suspend reciprocal tariffs on countries excluding China for 90 days, causing a surge in the U.S. stock market overnight. In the domestic stock market, investors flocked even before the market opened, pushing the pre-market transaction value to surpass 1 trillion won.
According to Next Trade on the 10th, the pre-market transaction value was approximately 1.4939 trillion won as of 8:50 a.m. This marks the first time the pre-market transaction value has exceeded 1 trillion won. The previous record for the highest transaction value was 669.7 billion won, recorded on the 8th.
Next Trade reported that as of the 31st of last month, the number of trading items increased from 350 to 796. On that day, investors crowded into the pre-market, causing the included items to rise significantly.
As of 9:12 a.m. on that day, Samsung Electronics was trading at 56,000 won, up 5.66% from the previous day. SK hynix rose 12.24%, and LG Energy Solution was up 3.98%. Excluding Samsung Biologics, which rose 0.81% among the top 10 corporations by market capitalization, most companies recorded a rise of over 4%.
President Trump noted on the 9th on his social media platform Truth Social, "China has shown a lack of respect for the global market, so the U.S. will immediately increase tariffs against China to 125%" and added, "More than 75 countries have contacted the U.S. to request negotiations, and since they have not retaliated in any way, we will temporarily suspend reciprocal tariffs for 90 days."
With the suspension of the reciprocal tariff policy that threatened global stability, the U.S. stock market also reacted swiftly. According to the New York Stock Exchange (NYSE), the Nasdaq index soared 12.16% compared to the previous trading day. The Dow Jones Industrial Average and the Standard & Poor's (S&P) 500 index rose by 7.87% and 9.52%, respectively.