On the 28th, the Korea Composite Stock Price Index (KOSPI) opened higher amid growing expectations for progress in negotiations after U.S. President Donald Trump announced a one-month delay for imposing a 50% tariff on the European Union (EU).
As of 9:12 a.m. on that day, the KOSPI had risen 16.06 points (0.61%) from the previous day to record 2,653.28. The KOSPI started the day at 2,648.86, up 0.44%.
In the securities market, individual investors boosted the index by buying 169.8 billion won. Institutional and foreign investors sold a net 105.8 billion won and 57.3 billion won, respectively.
Among the top market capitalization stocks, SK hynix is showing strong gains of over 2%. Samsung Electronics preferred shares (1.69%), Samsung Electronics (1.48%), Kia (1.13%), HD Hyundai Heavy Industries (0.79%), Samsung Biologics (0.78%), Hyundai Motor Company (0.77%), and LG Energy Solution (0.55%) are all trending upward. In contrast, KB Financial (-1.37%) and Hanwha Aerospace (-1.01%) are down.
At the same time, the KOSDAQ index is trading at 730.56, up 3.45 points (0.47%) from the previous day. The KOSDAQ opened the day at 731.06, up 0.54%. In the KOSDAQ market, individuals and institutions are net buying 41.4 billion won and 1.5 billion won, respectively, while foreigners sold 36.3 billion won.
The KOSDAQ market capitalization top stocks are mixed. Rainbow Robotics (1.13%), Ecopro (0.65%), ECOPRO BM (0.49%), and HLB (0.38%) are all rising, while Peptron (-2.61%), ABL Bio (-1.94%), Alteogen (-0.58%), HUGEL (-0.55%), and PharmaResearch (-0.45%) are declining.
On this day, in the Seoul foreign exchange market, the won-dollar exchange rate rose by 6 won to start transactions at 1,375.5 won against the U.S. dollar.
Last night, U.S. stocks strengthened after President Trump decided to postpone the 50% tariff on the European Union (EU).
On the New York Stock Exchange, the Dow Jones Industrial Average rose 1.78% to close at 42,343.65. The Standard & Poor's 500 index closed up 2.05% at 5,921.54 while the Nasdaq index gained 2.47% to reach 19,199.16.
President Trump noted that on the 23rd, there was no progress in negotiations with the EU and stated that he could impose a 50% tariff starting next month. However, two days later, he changed his position, saying, 'We need until July 9 to reach a good agreement.' On that day, U.S. stocks showed an uptrend in technology stocks such as NVIDIA (3.21%), Alphabet (2.59%), Apple (2.53%), Amazon (2.50%), Meta (2.43%), and Microsoft (2.33%) as tariff concerns eased.