On the 7th, the KOSPI index started higher on news that the U.S. and China will conduct trade negotiations in Switzerland this week.
As of 9:10 a.m. that day, the KOSPI index recorded 2563.21, up 3.42 points (0.13%) from the previous day. The KOSPI index opened at 2577.04, up 0.67% for the day.
In the securities market, institutions and foreign investors are buying shares worth 95.6 billion won and 41.3 billion won, respectively, pushing prices higher. Individual investors sold a net of 126.1 billion won.
Among the large-cap stocks, HD Hyundai Heavy Industries (4.04%), Hanwha Aerospace (2.32%), KB Financial (1.07%), Samsung Electronics (0.74%), LG Energy Solution (0.31%), and SK hynix (0.11%) are rising. Samsung Biologics (-3.13%), Samsung Electronics Priority Shares (-0.11%), and Kia (-0.11%) are in decline.
At the same time, the KOSDAQ index is trading at 717.26, down 4.6 points (0.64%) from the previous day. The KOSDAQ index opened at 722.41, up 0.07% that day, but has since turned downward. In the KOSDAQ market, foreign investors are the only ones selling off shares worth 30.5 billion won, while individuals and institutions bought a net of 31 billion won and 4.7 billion won, respectively.
Most of the top stocks by market capitalization on the KOSDAQ are in decline. HUGEL has dropped over 4%, while LigaChem Biosciences (-3.70%), Peptron (-3.41%), Alteogen (-3.09%), PharmaResearch (-2.70%), ECOPRO BM (-1.34%), HLB (-0.26%), and Ecopro (-0.20%) are also down. In contrast, CLASSYS (0.46%) and Rainbow Robotics (0.18%) remain in the green.
On that day, the won-dollar exchange rate in the Seoul foreign exchange market opened at 1380.5 won, down 24.8 won from the previous day.
Overnight, U.S. stocks showed weakness as the Federal Open Market Committee (FOMC) meeting began, awaiting the results of tariff negotiations between the U.S. and major countries.
On the New York Stock Exchange, the Dow Jones Industrial Average closed at 40,829, down 0.95% from the previous trading day. The Standard & Poor's 500 Index fell 0.77% to end at 5606.91, while the Nasdaq Index recorded a decline of 0.87% at 17,689.66.
The impact of U.S. President Donald Trump announcing that he would reveal the specific tariffs on pharmaceuticals within the next two weeks caused Eli Lilly and Merck to drop by 5.64% and 4.59%, respectively. Most of the major tech group 'Magnificent Seven (M7)' also saw declines. Additionally, the U.S. artificial intelligence defense company Palantir announced a strong performance in the first quarter, but the stock dropped 12.05% due to lower than expected market evaluations.