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South Korean Markets Climb on Eased U.S. Tariff Concerns

Stocks and the Korean won gain as U.S. policy shifts, including tariff exemptions and potential auto tariff pause, bolster investor confidence.

Overview

  • The Korea Composite Stock Price Index (KOSPI) rose nearly 1% on Monday and continued gains Tuesday morning, reflecting easing U.S. tariff concerns.
  • Blue-chip companies such as Samsung Electronics, LG Energy Solution, and Hyundai Motor reported significant share increases.
  • The Korean won reached a four-month high against the U.S. dollar, underscoring improved market sentiment.
  • U.S. markets saw gains after President Trump announced exemptions for electronics tariffs and suggested pausing auto tariffs.
  • Automaker stocks, including Hyundai Motor and Kia, surged following U.S. policy signals favoring global automakers.