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5d ago

South Korean Stocks Hit One-Month High on Trade Negotiation Optimism

The KOSPI closed at 2,525.56 as tech, battery, and steel sectors surged, with investors anticipating progress in U.S.-South Korea tariff talks and easing U.S.-China tensions.

Officials work at a dealing room of Hana Bank in Seoul on April 23, 2025. (Yonhap)
Industry Minister Ahn Duk-geun (C) moves, along with ministry officials, at Incheon airport, west of Seoul, on April 23, 2025, before his departure for Washington to meet senior U.S. officials for high-level trade talks on the U.S.' new tariff scheme. (Yonhap)
This Reuters' file photo shows U.S. Commerce Secretary Howard Lutnick (R) and Secretary of the Treasury Scott Bessent (C) stand as President Donald Trump signs executive orders and proclamations in the Oval Office at the White House in Washington on April 9, 2025. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • The KOSPI rose 38.92 points (1.57%) to close at 2,525.56, its highest level since March 28, 2025.
  • Tech stocks led the gains, with Samsung Electronics up 1.27% and SK hynix surging 4.14%.
  • LG Energy Solution and POSCO Holdings saw significant increases, rising 5.12% and 3.17%, respectively.
  • Investor confidence grew following U.S. Treasury Secretary Scott Bessent's comments on potential U.S.-China trade de-escalation and the Trump administration's 90-day tariff suspension on South Korean imports.
  • South Korea is set to engage in formal tariff negotiations with the United States in Washington on Thursday, seeking resolutions on key trade issues.