KOSPI Index Surges Past 5900 Mark Amid U.S. Tariff Developments
The KOSPI index has continued its rally, surpassing the 5900 mark for the first time during intraday trading, in spite of U.S. tariff variables.
As of 9:15 AM on the 23rd, the KOSPI index recorded a rise of 97.6 points (1.68%) to reach 5906.13. At one point early in the session, the index soared to 5931.86 points.
Interest in the domestic stock market has heightened following the U.S. Supreme Courts decision to halt the tariffs imposed by the Trump administration based on country-specific criteria.
On the 21st, the Supreme Court ruled that the imposition of tariffs and the fentanyl tariffs on Mexico, Canada, and China under the International Emergency Economic Powers Act (IEEPA) were unlawful. The ruling hinged on the interpretation that the IEEPA does not explicitly grant the president the authority to impose tariffs, rendering the use of this act illegal.
In response to the ruling, President Trump announced an executive order imposing a new 10% tariff on imports from countries worldwide. The day before, he indicated plans to increase this rate to 15%.
At present, in the securities market, individual and institutional investors have shown buying strengths of 414.6 billion won and 58.5 billion won, respectively, while foreign investors have recorded a net selling of 463 billion won.
Despite tariff concerns, major stocks such as Samsung Electronics (up 3%), SK Hynix (up 1.79%), Hyundai Motor (up 3.54%), Samsung Biologics (up 0.75%), Kia (up 1.22%), and Doosan Enerbility (up 0.87%) are experiencing gains. Samsung Electronics and SK Hynix have reached intraday highs of 197,000 won and 980,000 won, respectively, continuing their record-setting rally.
On the other hand, LG Energy Solution (-0.37%) and HD Hyundai Heavy Industries (-1.16%) have seen declines.
The KOSDAQ index is also on the rise, currently up 0.52% at 1159.95 compared to the previous trading day.
Meanwhile, the exchange rate of the won to the dollar has decreased.
As of 9:15 AM on the 23rd, the KOSPI index recorded a rise of 97.6 points (1.68%) to reach 5906.13. At one point early in the session, the index soared to 5931.86 points.
Interest in the domestic stock market has heightened following the U.S. Supreme Courts decision to halt the tariffs imposed by the Trump administration based on country-specific criteria.
On the 21st, the Supreme Court ruled that the imposition of tariffs and the fentanyl tariffs on Mexico, Canada, and China under the International Emergency Economic Powers Act (IEEPA) were unlawful. The ruling hinged on the interpretation that the IEEPA does not explicitly grant the president the authority to impose tariffs, rendering the use of this act illegal.
In response to the ruling, President Trump announced an executive order imposing a new 10% tariff on imports from countries worldwide. The day before, he indicated plans to increase this rate to 15%.
At present, in the securities market, individual and institutional investors have shown buying strengths of 414.6 billion won and 58.5 billion won, respectively, while foreign investors have recorded a net selling of 463 billion won.
Despite tariff concerns, major stocks such as Samsung Electronics (up 3%), SK Hynix (up 1.79%), Hyundai Motor (up 3.54%), Samsung Biologics (up 0.75%), Kia (up 1.22%), and Doosan Enerbility (up 0.87%) are experiencing gains. Samsung Electronics and SK Hynix have reached intraday highs of 197,000 won and 980,000 won, respectively, continuing their record-setting rally.
On the other hand, LG Energy Solution (-0.37%) and HD Hyundai Heavy Industries (-1.16%) have seen declines.
The KOSDAQ index is also on the rise, currently up 0.52% at 1159.95 compared to the previous trading day.
Meanwhile, the exchange rate of the won to the dollar has decreased.
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창업뉴스라고 왔더니 창업에 관련된게 하나도 없네요.
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