As of 6:21 a.m. on the 4th, the term of Lee Jae-myung, the 21st President of Korea, has officially begun, and on this day, the big-cap stocks are showing strength during the pre-market session (8 a.m. to 8:50 a.m.).

Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, delivers a speech at the site of the Democratic Party of Korea's national ballot counting broadcast established in front of the National Assembly in Yeouido, Seoul, on Apr. 4. /Courtesy of joint coverage

According to Nexttrade, as of 8:36 a.m. that day, SK hynix is trading at 213,500 won, up 6,000 won (2.89%) from the previous trading day. At the same time, Samsung Electronics is trading at 57,600 won, up 800 won (1.41%).

In addition, Samsung Biologics, a top market cap stock in the Korea Composite Stock Price Index, is up 0.78%, and LG Energy Solution is up 1.23%. KB Financial, Hyundai Motor, Celltrion, and Kia are also on the rise.

President Lee has previously noted that he will ensure the stock index rises toward 5,000 and has emphasized the revitalization of the domestic stock market as a top priority. Additionally, a 'honeymoon rally' often occurs in the first year after a new government takes office.

The domestic stock market has already significantly reflected expectations for the new government. The KOSPI index has recently recovered the 2,700-level, recording its highest point since the 'Black Monday' global market crash last August. While the calming effect of the U.S. aggressive tariff policy has played a role, there is also analysis that expectations for the new government have boosted the stock market.

Kim Jae-seung, a researcher at Hyundai Motor Securities, said, "Given that our domestic market is in an extreme slump, strong domestic stimulus measures are required from the new government," and projected that the KOSPI index could rise to 2,890 points in the second half of this year.

Some analysts noted that the surge of nearly 3% in NVIDIA in the U.S. stock market the previous night, along with the rise of major semiconductor stocks, had a positive impact. On the 3rd (local time), the semiconductor index in the New York stock market surged 2.72% to 4,964.40 points.

NVIDIA recorded an increase of 2.80% to $141.22, bringing its market capitalization to $344.4 billion. As a result, it reclaimed the top market cap spot for the first time since January, surpassing Microsoft (MS). Competitor AMD also rose 2.34%, while Intel gained 2.79%, Micron increased by 4.15%, and Broadcom surged 3.27%, showing a collective rally among major semiconductor stocks.

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