The first U.S.-South Korea summit concluded smoothly on the 26th, with both the KOSPI and KOSDAQ indices starting lower.
As of 9:14 a.m. on the same day, the KOSPI index fell 0.73% (23.41 points) to 3,186.45 compared to the previous transaction day. The KOSPI index opened at 3,199.92, down 9.94 points (0.31%) from the previous transaction day.
Individuals purchased 1.708 billion won worth of stocks, while foreigners and institutions recorded net sales of 1.243 billion won and 472 million won, respectively.
The top 10 stocks by market capitalization in the securities market are generally declining. While the stock prices of Samsung Electronics, Samsung Biologics, Hanwha Aerospace, Hyundai Motor, and HD Hyundai Heavy Industries are falling, only SK hynix and LG Energy Solution are rising.
As of the same time, the KOSDAQ index showed an increase of 0.06% (0.49 points), reaching 798.51 compared to the previous transaction day. Earlier, the KOSDAQ index started at 793.99, down 4.03 points (0.5%) from the previous day but quickly rebounded.
The KOSDAQ market is also being led by individuals. Individuals are net buyers of 530 million won, while foreigners and institutions are net sellers of 450 million won and 10 million won, respectively.
The top 10 stocks by market capitalization in the KOSDAQ market are also weak. Alteogen, Ecopro BM, Ecopro, Peptron, and PharmaResearch are all declining, while only LigaChem Biosciences and ABL Bio are on the rise.
Earlier that morning, President Lee Jae-myung hosted the first U.S.-South Korea summit since taking office. Notably, U.S. President Donald Trump expressed high expectations for the 'Make American Shipbuilding Great Again' (MASGA) shipbuilding cooperation project.
At the start of the meeting, President Trump said, "We will have many discussions regarding shipyards and shipbuilding," adding, "The United States needs to purchase from Korea because its shipbuilding industry has significantly closed down."
He added, "I hope ships are built again in the U.S. through cooperation with Korea," emphasizing, "I hope we have the opportunity to revitalize the U.S. shipbuilding industry in cooperation with Korea."
President Trump also reiterated his request for Korea's participation in the Alaska liquefied natural gas (LNG) development project. Additionally, both presidents formed a consensus on the need for dialogue regarding North Korean diplomacy.
Meanwhile, on the occasion of this summit, corporations from South Korea and the U.S. signed a total of 11 contracts and memorandums of understanding (MOU) in sectors such as shipbuilding, nuclear energy, aviation, LNG, and critical minerals.