U.S. President Donald Trump has reaffirmed his policy of imposing reciprocal tariffs, and on the 9th, the KOSPI index is struggling between the 2320 and 2030 levels. On this day, the won-dollar exchange rate surpassed 1480 won.
As of 9:07 a.m. on this day, the KOSPI index recorded 2331.09, down 3.14 points (0.13%) from the previous transaction. The KOSPI index opened at 2329.99, down 4.24 points (0.18%) from the previous session.
The top stocks by market capitalization show mixed trends. While Samsung Electronics, the semiconductor leader, rose by 0.75%, SK hynix fell by 0.29%. Meanwhile, Samsung Electronics preferred stock rose by 1.01%.
In addition, Hyundai Motor, Hanwha Aerospace, and NAVER are seeing their stock prices rise. However, LG Energy Solution, Samsung Biologics, Celltrion, and Kia are experiencing a decline in their stock prices.
At the same time, the KOSDAQ index is trading at 655.98, down 2.47 points (0.38%). The KOSDAQ index opened at 653.84, down 4.61 points (0.70%) from the previous transaction.
Looking at the top 10 stocks by market capitalization, Alteogen, HLB, HUGEL, CLASSYS, and LigaChem Biosciences are seeing their stock prices decline. In contrast, ECOPRO BM, Ecopro, Rainbow Robotics, Sam Chun Dang Pharm, and PharmaResearch are experiencing rises in stock prices.
On the 8th (local time), the three major indices of the U.S. New York Stock Exchange closed sharply lower again. On this day, the large-cap-focused Standard & Poor's (S&P) 500 index finished at 4982.77, down 79.48 points (1.57%) from the previous transaction. This is the first time the S&P 500 index has closed below the 5000 mark since April 2024.
The Dow Jones 30 Industrial Average, which focuses on blue-chip stocks, closed at 30,645.59, down 320.01 points (0.84%) from the previous day. The technology-focused Nasdaq index finished at 15,267.91, down 335.35 points (2.15%) from the previous transaction.
At the start of the session, these indices rebounded significantly as expectations grew that the Trump administration's reciprocal tariffs would be alleviated through individual negotiations, resulting in a wave of bargain buying. At one point during the session, the Nasdaq index surged 4.6% compared to the previous transaction.
However, White House Spokesperson Caroline Levitt confirmed during an afternoon briefing that a total tariff of 104% on China would take effect on the 9th, causing the situation to change. These indices gave back all their morning gains and continued to expand their declines, ultimately closing lower.
On this day, the won-dollar exchange rate started at 1484.0 won, up 10.8 won from the previous transaction. (The value of the won has fallen.)