The stock market started higher on the 31st. This appears to be influenced by the news that the Korea-U.S. tariff negotiations have been resolved. The KOSPI and KOSDAQ indices, which opened higher on this day, saw a reversal and dropped as profit-taking occurred in the early trading, but are showing a rebound.
As of 9:20 a.m. on this day, the KOSPI index is trading at around 3265, up about 0.3% from the previous trading day. The KOSPI index started at 3275.78, up 21.31 points (0.65%) from the previous trading day, influenced by the news of the resolution of the Korea-U.S. tariff negotiations. Although the index reversed downwards due to profit-taking in early trading, it has quickly rebounded and is maintaining an upward trend.
Individuals are leading the market. Individuals are net buying securities worth 178.6 billion won, while institutions are net selling close to 200 billion won. Foreigners, who initially showed a net selling trend, are turning to a 'buying' trend.
The top stocks by market capitalization in the Korean securities market are showing mixed trends. Samsung Electronics, ranked first in market capitalization, is seeing profit-taking after the announcement of an 'earnings shock.' LG Energy Solution, Hanwha Aerospace, and HD Hyundai Heavy Industries are on the rise. Hyundai Motor and Kia, which are likely to be influenced by the Korea-U.S. tariff negotiations, are declining.
At the same time, the KOSDAQ index is also trading at 806, up more than 0.3%. The KOSDAQ index started at 806.21, up 0.32% from the previous trading day.
The KOSDAQ market is also being led by individuals. Individuals are purchasing securities worth 43.5 billion won alone, while foreigners and institutions are net selling 35.2 billion won and 7.8 billion won, respectively.
Top stocks by market capitalization in the KOSDAQ are showing mixed trends within a consolidation range. Alteogen, ECOPRO BM, and PharmaResearch are rising, while Peptron, Rainbow Robotics, and LigaChem Biosciences are declining.
Earlier that day, before the market opened, the Korea-U.S. trade negotiations were resolved. It was decided to reduce the mutual tariff, which was originally scheduled to be imposed from the 1st of next month, from 25% to 15%, a decrease of 10 percentage points.
U.S. President Donald Trump stated, "South Korea has agreed to invest $350 billion (approximately 487.3 trillion won) in the U.S., purchase $100 billion worth of LNG and other energy-related products, and additionally invest a large sum of money for investment purposes."
President Lee Jae-myung noted that of the $350 billion South Korea is investing in the U.S., $150 billion will be used to "strongly support the entry of our corporations into the U.S. shipbuilding industry through a dedicated fund for shipbuilding cooperation."