The KOSPI index started with an increase on the 1st due to expectations regarding tariff negotiations.
On that day, at 9:06 a.m., the KOSPI index stood at 3102.83, up 31.13 points (1.01%) from the previous day. At the same time, the KOSDAQ index recorded a rise of 4.38 points (0.56%) at 785.88.
In the securities market, foreigners and institutions are net buyers of 50 billion won and 30 billion won, respectively. Only individuals are selling off 80 billion won.
Among the top market capitalization stocks in the KOSPI market, Samsung Electronics, Samsung Biologics, Doosan Enerbility, KB Financial, and Hanwha Aerospace are performing strongly. In contrast, SK hynix and LG Energy Solution are trading at lower prices than the previous day.
In the KOSDAQ market, individuals and institutions are net buyers of 20 billion won and 2 billion won, respectively. Foreigners are selling off 22 billion won.
All top 10 stocks by market capitalization in the KOSDAQ market are rising. Alteogen and PharmaResearch have increased by more than 1%. Ecopro BM, Rainbow Robotics, LigaChem Biosciences, Sam Chun Dang Pharm, and Peptron are also performing strongly.
Han Ji-young, a researcher at Kiwoom Securities, noted, "Expectations regarding tariff negotiations and news of record highs in the U.S. stock market due to Apple's strength will exert upward pressure on the domestic stock market. Considering expectations for domestic policies like the revision of the Commercial Act and the stable trends in leading sectors such as nuclear power, electrical equipment, shipbuilding, and HBM, it is difficult to say that the upward trend of the domestic stock market has come to an end."
Overnight, U.S. stocks set new all-time highs once again. The large-cap-focused Standard & Poor's (S&P) 500 index and the tech-heavy Nasdaq index rose by 0.52% and 0.47%, respectively, reaching record highs for two consecutive days. The Dow Jones Industrial Average also rose for the third consecutive trading day, closing at 40,094.77.
As the 90-day grace period for the reciprocal tariff from the U.S. approaches its expiration on the 8th of next month, expectations for progress in major trade negotiations appear to have driven the index's rise. In particular, Canada's withdrawal of plans to impose a "digital tax" on U.S. tech corporations to resume trade negotiations with the U.S. had a positive effect.
On that day, the exchange rate of the Korean won against the U.S. dollar in the Seoul foreign exchange market recorded 1,350.30 won, down 3.7 won from the previous day.
As the Trump administration continued to pressure the Federal Reserve to cut interest rates, the U.S. dollar index (DXY), which shows the value of the dollar against six major currencies, fell to the 96 level. This marks the longest monthly decline since 2017, with six consecutive months of declines since the beginning of this year. U.S. government bond rates also fell, particularly for long-term securities.
President Trump criticized the entire board at the Federal Reserve through the social media platform Truth Social, saying, "Jerome Powell and his entire board should be ashamed for allowing this (the interest rate freeze) to happen in the U.S. when it is 'too late.'"