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KOSPI Slips as Tech Shares Falter under U.S. Tariff Threats

Investor fears over looming U.S. smartphone tariffs have pressured tech stocks.

Overview

  • The KOSPI closed Tuesday at 2,637.22, reversing earlier gains and signaling investor caution.
  • Samsung Electronics and SK hynix shares each lost around 0.5 percent at Tuesday’s open, leading declines in top-cap names.
  • Battery and chemical firms LG Energy Solution and LG Chem had driven Monday’s rally with gains near 4 percent and 2.5 percent respectively.
  • President Trump’s threat of 25 percent tariffs on non-U.S.-manufactured smartphones triggered last Friday’s sell-off on Wall Street and sustained pressure on Asian markets.
  • The won weakened past 1,366 per dollar on Tuesday as uncertainty persists over a 90-day U.S. tariff suspension set to expire in July.