The Korean stock market showed promising activity today, as the KOSPI index rose to 2455.89. This was an increase of 23.17 points, or 0.95%, signalling a positive response to recent tariff relief, and following the gains seen in U.S tech stocks towards the end of last week.
Of the largest market cap names in the KOSPI, Samsung Electronics (KRX: 005930) gained 1.81%, LG Energy Solution (KRX: 373220) climbed 2.24%, with SK Hynix (KRX: 000660) falling 0.33% after a strong start to the session had seen the stock hit 184,400.
The latest developments in U.S. tariff policy have evidently injected optimism into the Korean stock market, with investors responding positively to the anticipated easing of international trade tensions. Whilst not all stocks have responded positively, the market sentiment does appear to be shifting, albeit slowly.
With today's gain for the KOSPI, the index has added more than 7% in the past 3 sessions, returning back to positive territory YTD (+2.37%), all while recapturing the 2,450 level.
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