The KOSPI and KOSDAQ indices rose at the beginning of trading on the 13th, continuing their 'honeymoon rally.'
The KOSPI index stood at 2,930.08 at 9:02 a.m. that day, up 10.05 points (0.34%) from the previous day. At the same time, the KOSDAQ index recorded a rise of 0.99 points (0.13%) to 790.44.
Both the KOSPI and KOSDAQ indices have maintained an upward trend for seven consecutive trading days from the 2nd to the previous day. During this period, the KOSPI index rose by 8.2%, and the KOSDAQ index by 7.5%.
Han Ji-young, a researcher at Kiwoom Securities, noted that the KOSPI index has reached a price-to-book ratio (PBR) of 0.98 times the 12-month trailing net worth (market capitalization ÷ net worth) and is not far from the symbolic 1 time, at 3,000. He said this is thanks to the upward momentum that other countries do not possess, such as improvements in governance and active fiscal input.
He added, "Taking this into consideration, the domestic stock market could turn to a decline or undergo adjustments during trading, but considering the continuous rally, it is appropriate to view it as a pause for breath."
The direction varies by industry. The automobile sector, including Hyundai Motor and Kia, is weak due to renewed concerns over tariffs.
U.S. President Donald Trump said during a White House signing ceremony on the 12th (local time), "To better protect American auto workers, I have imposed a 25% tariff on all foreign automobiles," adding, "This tariff may increase soon."
In contrast, the semiconductor sector, including Samsung Electronics and SK hynix, is on the rise following a surprise earnings report from American cloud corporation Oracle overnight and optimism regarding increasing demand for artificial intelligence (AI).
Due to the impact of the Air India crash, the airline sector is declining. Meanwhile, shipbuilding, life insurance, and securities are showing strength.