With the Donald Trump administration reaffirming that it will impose national mutual tariffs as scheduled, the domestic stock market has succeeded in rebounding.
As of 9:03 a.m. on the 7th, the KOSPI index stood at 2374.76, up 45.56 points (2%) from the previous trading day. The KOSDAQ index is also trading at 665.73, an increase of 14.43 points (2.22%) compared to the previous trading day.
The KOSPI market is driven by retail investors. While individuals are net buying 129.1 billion won, foreigners and institutions are each selling 81.9 billion won and 53 billion won, respectively. In the KOSDAQ market, individuals and institutions are net buying 11 billion won and 4.3 billion won, respectively, while foreigners are net selling 7.5 billion won.
Stocks with the largest market capitalization on the KOSDAQ market are also showing an upward trend. Samsung Electronics, which announced its first-quarter results today, saw a more than 3% rise due to better-than-expected performance. Hanwha Aerospace, which announced it would reduce its capital increase size from the existing 3.6 trillion won to 2.3 trillion won, is up over 7%. Additionally, SK hynix, LG Energy Solution, Samsung Biologics, Hyundai Motor, Celltrion, and Kia are also on the rise.
In the KOSDAQ market, stocks with the largest market capitalization are also showing an upward trend. Alteogen, ECOPRO BM, HLB, Ecopro, Rainbow Robotics, Sam Chun Dang Pharm, CLASSYS, Kolon TissueGene, and LigaChem Biosciences are all rising.
Earlier, the U.S. stock market in New York exhibited a rollercoaster trend due to uncertainty over tariff policies from the Trump administration. The New York stock market opened with a sharp decline for the third consecutive transaction day on news that President Trump’s tariff policy would be implemented as is. However, after reports surfaced that President Trump is considering temporarily suspending mutual tariffs for countries other than China for 90 days, the three major indexes rebounded sharply. The Dow Jones Industrial Average experienced its largest daily fluctuation on record, while the Nasdaq index's rise exceeded 10% from its intraday low.
The White House denied reports about a temporary suspension of mutual tariffs, labeling it as ‘fake news.’ Consequently, the three major indexes fell sharply again, showing mixed trends. On this day, the Dow Jones Industrial Average closed at 30,965.60, down 349.26 points (-0.91%) from the previous transaction day, while the Standard and Poor’s (S&P) 500 index closed at 5,062.25, down 11.83 points (-0.23%). In contrast, the Nasdaq index finished at 15,603.26, up 15.48 points (0.10%) from the previous transaction day.
Meanwhile, President Trump stated on the 7th (local time) that he is “not considering” the option of temporarily suspending mutual tariffs.