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Seoul Shares Surge as Investors Eye Earnings and Tariff Talks

Daniel Kim Views  

An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Tuesday. (Yonhap)]Seoul shares opened higher Tuesday after a mixed close on Wall Street as investors awaited major earnings reports amid uncertainties over US tariffs.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.49 points, or 0.02 percent, reaching 3,211.30 in the first 15 minutes of trading.

On Wall Street, the Dow Jones Industrial Average fell 0.04 percent, while the tech-heavy Nasdaq Composite advanced 0.38 percent.

Market analysts noted that investors are closely monitoring any shifts in US tariff policies, as President Trump may announce new unilateral tariff rates before August 1.

All eyes are on this week’s second-quarter corporate earnings reports, which could offer critical insights into market trends.

In Seoul, large-cap stocks exhibited mixed performance.

Market giant Samsung Electronics edged up 0.44 percent, while LG Electronics, a leading home appliance maker, rose 1.96 percent.

Chemical manufacturer LG Chem surged 3.48 percent, leading battery maker LG Energy Solution added 1.96 percent, and state-run utility Korea Electric Power Corp. advanced 3.36 percent.

Among decliners, chip maker SK hynix slipped 0.83 percent, top carmaker Hyundai Motor dropped 0.24 percent, and leading shipbuilder HD Hyundai fell 0.22 percent.

Defense firm Hanwha Aerospace lost 0.11 percent, while construction company Doosan Enerbility declined 3.51 percent.

The Korean won strengthened against the US dollar, trading at 1,384.65 won per dollar as of 9:15 a.m., up 3.55 won from the previous session’s close. (Yonhap)

Daniel Kim
content@viewusglobal.com

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