As Korea and the United States reached a trade settlement, North-South cooperative stocks were strong in early trading on the 31st. U.S. President Donald Trump had expressed his willingness to dialogue with North Korea's Chairman Kim Jong-un, leading the market to interpret this as an increased expectation for strengthened Korea-U.S. cooperation and dialogue with North Korea.
As of 9:42 a.m. that day, J.ESTINA was trading at 3,905 won, up 900 won (29.95%) from the previous trading day. J.ESTINA is associated with North-South cooperation themes as it produced and supplied wristwatches through its partner companies in the Kaesong Industrial Complex. It recorded its upper limit (the highest daily price limit) shortly after the opening.
In addition, related stocks such as Good People (28.76%), Ilshin Stone (14.73%), Ananti (14.30%), and MONA YONGPYONG (8.15%) also saw a surge.
This surge in buying pressure is interpreted as a sentiment that there is a possibility of engaging in dialogue with North Korea following the successful trade negotiations between Korea and the United States.
On the 30th (local time), President Trump noted through social media (SNS) that he was pleased that the United States had reached a complete and comprehensive trade agreement with Korea, and he stated that he would hold a summit with President Lee Jae-myung at the White House within two weeks.
Earlier, on the 28th, Kim Yo-jong, Deputy Director of the Labor Party, stated that there would be no meeting with Korea, drawing a line on North-South dialogue. On the 29th, she urged the United States to recognize its status as a nuclear power, saying, "If we stick to the past, the North America meeting will remain only a hope for the U.S."
In response, President Trump stated that he was still open to communication with Chairman Kim Jong-un to achieve North Korea's denuclearization.