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KOSPI Tops 3,800 Intraday on Trade Hopes

Investor optimism over easing trade tensions followed new comments from President Donald Trump.

Overview

  • The benchmark index crossed 3,800 for the first time, hitting 3,803.86 shortly after noon and standing near 3,796 by 2 p.m.
  • Stocks had opened slightly lower before turning higher late morning, with the KOSPI up 1.03% at 3,789.57 by 11:20 a.m.
  • Sentiment improved on signals of easing frictions, including Trump saying he would meet Xi Jinping at APEC and calling current tariff levels not sustainable.
  • Sector moves were mixed as Samsung Electronics was little changed, SK hynix climbed about 3%, Hanwha Aerospace gained over 3%, and LG Energy Solution dipped.
  • The won held near 1,421–1,422 per U.S. dollar, while U.S. equities ended Friday higher as investors weighed China-related remarks.