FX.co ★ South Korean Shares Rebound

The KOSPI index saw a rise of 0.3%, reaching 2,640 points on Tuesday, as it rallied from a previous decline. This uptick mirrored Wall Street's gains overnight, driven by alleviated concerns over potential reciprocal tariffs from the US. According to recent reports, there is speculation that President Donald Trump might approach tariff impositions with greater selectivity. The rally was led by strong performances in the automotive sector, with Hyundai Motor surging 3.8% to achieve its highest level in over two months. Kia Corporation also saw an increase of 1.9%, buoyed by the auto group's new U.S. investment strategy aimed at mitigating exposure to Trump's tariffs. Other significant contributors to the gains included LG Energy Solution, which rose by 2.1%, Hyundai Mobis, up by 1.8%, SK Hynix, which increased by 0.5%, and Samsung Electronics, which gained 0.3%. Conversely, Hyundai Steel declined by 1.4%, even as the company announced a $5.8 billion joint investment with Hyundai Motor Group to construct a new facility in the U.S.