4 June 2025, 05:17 South Korea: Shares Rally Amid Election Optimism.
The benchmark KOSPI rose 2.3% to around 2,760 points on Wednesday, building on a 0.5% gain from the prior session, supported by improved investor sentiment following the conclusion of South Korea’s presidential election and the reduction of political uncertainty. The Trump administration's trade policies and restrictions, including plans to impose reciprocal tariffs, have raised concerns among South Korean exporters. In response, President Lee has pledged to negotiate favorable trade terms with the US and to enhance economic cooperation with key partners like China, Japan, and North Korea. Markets are closely watching for signs of economic recovery following six months of martial law that weighed on growth. Leading gains among major stocks were chipmakers and financials, such as SK Hynix (6%), Samsung Electronics (1.1%), Shinhan Financial Group (3.2%), and KB Financial Group (2.8%). Conversely, losses were seen in HD Hyundai Heavy Industries (3.7%) and Samsung Biologics (0.3%).
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