On the 7th, ahead of the end of the mutual tariff suspension by the Donald Trump administration, the South Korean stock market started lower.
As of 9:06 a.m., the KOSPI index was recorded at 3049.39, down 4.89 points (0.16%) from the previous transaction day. The KOSPI index opened at 3044.78, down 9.50 points (0.31%) from the previous closing.
The top market capitalization stocks showed mixed trends. Samsung Electronics and SK hynix, the leaders in semiconductors, fell by 0.79% and 0.74%, respectively. Samsung Electronics preferred shares were down by 0.95%. Samsung Biologics, Hyundai Motor, and Celltrion also saw declines. In contrast, LG Energy Solution, KB Financial, and NAVER were on an upward trend.
At the same time, the KOSDAQ index was trading at 772.89, down 2.91 points (0.38%). The KOSDAQ index opened at 774.19, down 1.61 points (0.21%) from the previous transaction day.
Looking at the top 10 market capitalization stocks, Alteogen, ECOPRO BM, Ecopro, Rainbow Robotics, HUGEL, Peptron, and LigaChem Biosciences saw their stock prices decline. On the other hand, HLB, PharmaResearch, and CLASSYS were rising.
On the 4th (local time), the New York stock market was closed for Independence Day. The previous day, on the 3rd, major U.S. stock indices closed positively as economic indicators indicated that the job market remains solid, alleviating concerns over a recession.
On the 3rd, the Standard & Poor's 500 index, focused on large-cap stocks, finished up 51.93 points (0.83%) at 6279.35. The technology-centered Nasdaq index closed up 207.97 points (1.02%) at 26,101.10. These indices each set new all-time high records. The Dow Jones Industrial Average, focused on blue-chip stocks, closed up 344.11 points (0.77%) at 44,828.53.
Meanwhile, President Donald Trump noted that he would send a letter with low tariff rates to 12 countries on that day. However, Wall Street believes that the market has already factored in the risks from President Trump's tax policies, predicting that the negative impact on the New York stock market will be limited.
On that day, the won-dollar exchange rate started at 1362.7 won, down 0.4 won from the previous transaction day. (The value of the won increased.)