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8h ago

Kospi Sets New Record, Then Extends Gains on U.S. Tariff Deal and Fed Rate Cut

AI-fueled optimism concentrated flows into Korea's two big chipmakers.

Image
This photo, taken Oct. 29, 2025, shows the dealing room of Hana Bank in central Seoul. (Yonhap)
A person works inside the dealing room in Hana Bank in central Seoul, while a photo of Chinese President Xi Jinping and U.S. President Donald Trump is displayed on a screen, on Oct. 30, 2025. (Yonhap)
People cheer inside the dealing room in Hana Bank in central Seoul on Oct. 27, 2025, when the benchmark Korea Composite Stock Price Index (KOSPI) broke the 4,000 threshold for the first time. (Yonhap)

Overview

  • South Korea’s benchmark closed at a record 4,081.15 on Oct. 29, up 1.76%, with SK hynix jumping 7.1% as Samsung Electronics added 1.0%.
  • Shares opened higher on Oct. 30 after Seoul and Washington finalized a tariff deal and the Federal Reserve cut rates again, lifting the index to 4,124 early in the session.
  • Hyundai Motor and Kia advanced after U.S. tariffs on Korean vehicles and parts were reduced to 15%, while the won firmed and government bond yields rose.
  • On Oct. 29, institutions bought a net 641 billion won as foreigners and retail investors sold, with decliners outnumbering gainers on the main board.
  • Regulatory data highlighted strong recent foreign inflows led by Europe, including Ireland, and KOFIA reported fund NAVs up 5.9% in Q3, while gains stayed concentrated in Samsung Electronics and SK hynix and reports of an Nvidia supply deal remained unconfirmed.