FX.co ★ South Korean Shares Rise on Trade Hopes

The KOSPI index rose by 0.57%, reaching approximately 3,207, on Monday, marking a rebound from losses experienced last week. This increase was spurred by renewed investor optimism regarding South Korea's ongoing trade negotiations with the United States. Supporting this positive sentiment was National Security Adviser Wi Sung-lac's second visit to Washington in as many weeks, as South Korea intensifies its diplomatic efforts ahead of the August 1 deadline set by U.S. President Donald Trump to finalize a trade agreement or face substantial tariffs. South Korean officials reiterated their dedication to accelerating negotiations to prevent the enforcement of punitive trade measures that could negatively impact key export industries, including semiconductors, automobiles, and steel. In the corporate arena, Hanwha Aerospace (up by 1.45%), Doosan Enerbility (up by 1.31%), and Samsung Electronics (up by 1.04%) showed notable gains, while declines were observed in Samsung Biologics (down by 0.67%) and Hyundai Motor (down by 0.48%).