Particle.news
Download on the App Store
5 ARTICLES
·
2mo ago

South Korean Stocks Edge Higher as U.S.-South Korea Tariff Talks Progress

The KOSPI closed up 0.1% on April 28, with working-level negotiations set to refine a tariff relief package by July.

Officials work at a dealing room of Hana Bank in Seoul on April 28, 2025. (Yonhap)
Officials work at a dealing room of Hana Bank in Seoul on April 28, 2025. (Yonhap)

Overview

  • The KOSPI gained 0.1% to close at 2,548.86, reflecting cautious optimism following U.S.-South Korea tariff discussions.
  • Retail investors drove early gains, offsetting selling by foreign and institutional investors, while trade volume remained moderate.
  • The South Korean won weakened against the U.S. dollar, trading at 1,442.6 won, down 6.1 won from the previous session.
  • Working-level talks between South Korea and the U.S. are set to begin this week to finalize the details of a comprehensive tariff relief package by July 8.
  • U.S. tech market gains on April 25 provided a positive backdrop, with the Nasdaq composite rising 1.26% and influencing broader Asian markets.