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KOSPI Edges Up for Third Day as U.S.-South Korea Tariff Deal Deadline Looms

Officials have pledged to finalize reciprocal tariffs before the August 1 cutoff with another negotiation round scheduled

A dealing room at Hana Bank in central Seoul on July 24, 2025 (Yonhap)
A dealing room at Hana Bank in central Seoul on July 25, 2025 (Yonhap)

Overview

  • The KOSPI extended its winning streak to three trading days, closing at 3,196.05 after climbing 0.18 percent.
  • South Korean and U.S. trade officials have reaffirmed a commitment to seal reciprocal tariff agreements by the August 1 suspension deadline, with another negotiation round scheduled.
  • Tech stocks took cues from SK hynix’s record Q2 operating profit of 9.21 trillion won, though the broader sector showed mixed performance on Friday.
  • Financial and shipbuilding shares led gains, while battery makers and biotech firms faced pressure from overseas stock slides and profit-taking.
  • The Korean won weakened to about 1,378 per U.S. dollar, underscoring lingering investor caution over final tariff details.