U.S. President Donald Trump announced on the 9th (local time) that the public tariff rate is 145% instead of 125%, leading to a sharp decline in the U.S. stock market overnight, and the domestic stock market also showed weakness on the 11th.
SK hynix is trading at 177,300 won, down 5,900 won (3.22%) in the pre-market (Pre-Market, 8 a.m. to 8:50 a.m.) on the 11th. Samsung Electronics is also trading at 55,400 won, down 1,000 won (1.77%) compared to the previous trading day.
This is seen as the impact of the White House correcting the previous announcement from President Trump that the U.S. tariff on China is 125%, stating that it is a total of 145%. The tariff will take effect from 12:01 a.m. on the 10th. As trade tensions between the U.S. and China are expected to worsen, all three major U.S. indexes closed lower on the day.
Most of the top stocks by market capitalization in the Korea Securities Market have turned red. At the same time, LG Energy Solution (-3.00%), Celltrion (-2.01%), Hyundai Motor (-1.98%), Kia (-1.93%), KB Financial (-1.58%), Hanwha Aerospace (-1.22%), and Samsung Biologics (-1.08%) are also in decline.
In the Korea Securities Dealers Automated Quotations (KOSDAQ) market, Sam Chun Dang Pharm and Ecopro are down over 3%, while ECOPRO BM, HLB, Rainbow Robotics, and CLASSYS are also in the 2% decline range. Others, including Alteogen (-1.63%), LigaChem Biosciences (-1.10%), and HUGEL (-0.60%), are also falling.
The domestic stock market showed strength the previous day due to President Trump announcing a 90-day deferment of the reciprocal tariff, but the upward trend was cut short just one day later.