Overview
- After an early drop, the Kospi climbed 1.36% to 5,017.15 by late morning Tuesday, with Samsung Electronics and SK hynix advancing as tech led the rebound.
- President Trump said U.S. tariffs on South Korean goods such as autos, lumber and pharmaceuticals will rise to 25% from 15%, citing Seoul’s delayed implementation of a bilateral deal.
- The tech-focused Kosdaq closed Monday at 1,064.41, up 7.09%, after a buy-side sidecar paused program buying; institutions and foreigners were net buyers as retail investors took profits.
- Policy support remains a key pillar, with pledged reforms including a Commercial Act revision on treasury share cancellation and 24-hour FX trading set to begin in July to attract foreign inflows.
- Brokerages have rushed to lift stock targets and index forecasts, even as some analysts warn gains are concentrated in semiconductors and select autos, leaving the market prone to volatility.