![An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Tuesday. (Yonhap)]](https://contents-cdn.viewus.co.kr/image/2025/07/CP-2023-0309/30652240.jpg)
Seoul shares closed higher Tuesday, tracking overnight gains on Wall Street and buoyed by technology stocks despite US President Donald Trump’s latest tariff threats. The Korean won edged up against the US dollar.
Trading volume was moderate, with 415.06 million shares changing hands, valued at 11.94 trillion KRW (8.6 billion USD). Losers outnumbered gainers 510 to 364.
Foreign investors were net buyers, purchasing 212.29 billion KRW (159.22 million USD) worth of shares, while institutions and retail investors offloaded 20.8 billion KRW (15.6 million USD) and 311.19 billion KRW (233.39 million USD) in stocks, respectively.
President Trump has notified key US trading partners of new tariff rates scheduled to take effect August 1, barring improved terms in ongoing trade negotiations.
Trump has already informed South Korea of plans to impose 25 percent tariffs on South Korean goods starting August 1. However, the market had already priced in this news, causing no significant disruptions, according to Lee Kyoung-min, an analyst at Daishin Securities Co.
Performance among large-cap stocks was mixed.
Tech giant Samsung Electronics rose 1.92 percent to 63,700 KRW (47.78 USD), while defense contractor Hanwha Aerospace surged 5.08 percent to 848,000 KRW (636 USD).
Leading shipbuilder HD Hyundai edged up 0.51 percent to 139,000 KRW (104.25 USD), and major shipping firm HMM advanced 1.76 percent to 25,950 KRW (19.46 USD).
On the downside, top automaker Hyundai Motor fell 2.76 percent to 211,000 KRW (158.25 USD), and steel behemoth POSCO Holdings slipped 0.16 percent to 321,000 KRW (240.75 USD).
The Korean won closed at 1,380.20 against the US dollar, up 1 won from the previous session’s close. (Yonhap)
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