Lee Jae-myung, the 21st President of South Korea who emphasized the start of the 'KOSPI 5000 era,' saw the Korean stock market open positively on the 4th. The KOSPI and KOSDAQ indices both started with a rise of over 1%.
As of 9:05 a.m. on that day, the KOSPI index recorded 2,739.31, up 40.34 points (1.49%) from the previous transaction day. The KOSPI index opened at 2,737.92, up 38.95 points (1.44%) from the last session.
Most of the top market capitalization stocks turned on 'red lights.' Major semiconductor players Samsung Electronics and SK hynix are up 1.23% and 5.66%, respectively. Samsung Electronics' preferred stock is up 2.05%.
Samsung Biologics, LG Energy Solution, KB Financial, Hyundai Motor, and Celltrion are seeing their stock prices rise. In contrast, Hanwha Aerospace and HD Hyundai Heavy Industries are experiencing declines.
At the same time, the KOSDAQ index is trading at 748.13, up 7.85 points (1.06%). The KOSDAQ index opened at 749.13, up 8.84 points (1.19%) from the previous transaction day.
Looking at the top 10 market capitalization stocks, Alteogen, ECOPRO BM, Ecopro, Rainbow Robotics, PharmaResearch, LigaChem Biosciences, HUGEL, and CLASSYS are all seeing stock price increases. In contrast, HLB and ABL Bio are experiencing declines.
On the 3rd (local time), all three major indices of the U.S. New York stock market closed with gains. Investors seem to be growing optimistic, expecting that tensions between the U.S. and China will ease through an upcoming phone call between their leaders this week.
On that day, the large-cap centered Standard & Poor's (S&P) 500 index recorded 5,970.37, up 34.43 points (0.58%) from the last session. The Dow Jones Industrial Average, centered on blue-chip stocks, finished trading at 42,519.64, up 214.16 points (0.51%) from the previous day. The technology-centric Nasdaq index closed at 19,398.96, up 156.34 points (0.81%) from the last session.
On that day, the U.S. White House noted that a conversation between the U.S. and Chinese leaders would take place soon. White House Spokesperson Caroline Levitt said, "There will be a conversation between the leaders soon," adding, "The Trump administration is closely monitoring whether China complies with the Geneva trade agreement."
As Nvidia was cited as a beneficiary in the market, its stock price rose by 2.8% in just one day. Nvidia regained the title of the company with the highest market capitalization, surpassing Microsoft (MS). The Philadelphia Semiconductor Index, composed of AI and semiconductor-related stocks, also rose by 2.72%. All 30 constituent stocks increased ahead of the U.S.-China leaders' dialogue.
On that day, the won-dollar exchange rate started at 1,375.0 won, up 1.9 won from the previous transaction day. (The value of the won has decreased.)