FX.co ★ South Korea Shares Stabilize on Trade Talk Hopes

On Monday, the KOSPI index improved by 0.3%, reaching approximately 3,060, recovering slightly from a previous 1.99% decline. This uptick was largely fueled by optimism regarding the US–South Korea trade talks. Investors showed renewed interest, particularly within the semiconductor and tech industries, which face significant tariff exposure. There is hope that South Korea's high-level delegation in Washington, featuring both prominent trade and security figures—Trade Minister Yeo Han-koo and National Security Adviser Wi Sung-lac—will successfully negotiate an extension of the existing US tariff suspension. This potential deal is boosting sentiment around key export stocks, mitigating broader market caution as the July 9 tariff decision deadline approaches. On the corporate side, significant gains were posted by LG Energy Solution (1.5%), KB Financial Group (1.0%), and Hanwha Aerospace (0.5%).