Overview
- The KOSPI added 17.38 points, or 0.60%, to reach 2,924.42 by late morning trading on June 12, marking the seventh consecutive session of gains.
- Foreign investors fuelled the opening rally with a seventh straight day of net buying before profit-taking emerged in late trading, and domestic institutions also boosted their holdings.
- U.S. Commerce Secretary Howard Lutnick described London trade talks as “really, really well,” and officials from Washington and Beijing agreed on a framework to resolve rare earth and technology disputes.
- Sector leaders in batteries and shipbuilding outpaced the broader market, with LG Energy Solution up 2.91%, POSCO Future M rising 5.16% and Hanwha Ocean advancing 6.93%.
- President Lee Jae-myung’s pledge to usher in a “KOSPI 5,000 era” has reinforced optimistic sentiment alongside ongoing global economic and geopolitical developments.