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Merchants at Woori Financial institution’s alternate rejoice KOSPI and KOSDAQ indexes extending their document run on Jan. 27, 2026. (Yonhap)
Korea’s inventory market continues to surge regardless of threats of extra tariffs from US President Donald Trump, with each the KOSPI and the KOSDAQ reaching new historic highs.
The nation’s benchmark index, the KOSPI, began the buying and selling day on Tuesday at 4,909.15, down 0.82% from the day gone by, and slipped under the 4,900 mark (4,890.72). But it surely quickly rebounded and continued to rise all through buying and selling, closing at 5,084.85, a rise of two.73% in comparison with the day gone by.
The brand new excessive got here simply 5 days after the KOSPI surpassed the legendary 5,000-point mark to achieve a historic excessive on Jan. 22.
The tech-focused KOSDAQ continued to rally, rising by over 7% to surpass the 1,000 mark on Monday earlier than closing buying and selling on Tuesday at a document excessive of 1,082.59, up 1.71% from the day prior.
KOSPI’s every day vary for Tuesday was a staggering 194.13 factors. International and institutional buyers led the rally, accounting for 850.5 billion received (roughly US$595 million) and 232.6 billion received (US$163 million) in web share purchases, respectively.
Forward of the discharge of their earnings for the fourth quarter of 2025, Samsung Electronics and SK Hynix noticed share costs spike by 4.87% and eight.7%, respectively, with each corporations seeing new all-time highs in inventory valuation.
Regardless of fears that threats of tariffs by Trump might rattle the market, plentiful sideline money flooded into the market to repurchase shares of corporations with massive market caps. The buying and selling day closing at all-time highs represents a typical bull market.
The won-dollar alternate price inched up for the primary time in 5 buying and selling days. The speed rose 9.4 received in comparison with the earlier buying and selling day to begin the buying and selling day at 1,450 received, reaching 1,452.30 received at one level throughout buying and selling.
The day before today, the Japanese yen’s worth surged amid hypothesis of intervention by US-Japan foreign exchange authorities, ensuing within the Korean foreign money tanking 25 received, just for it to rebound a day after Trump’s tariff speak.
Nevertheless, the extent of will increase within the won-dollar alternate price has been smaller with upward strain capped across the 1,447-1,448 vary. The alternate price elevated 5.6 received in comparison with the day gone by, closing the session at 1,446.2 received.
“Dangers introduced by tariffs and funding within the US have been elements within the weakening received, however the strain exerted by a rising yen will preserve the alternate price from falling a lot under the present higher vary,” assessed Min Gyeong-won, economist at Woori Financial institution.
“Conversely, if the alternate price is downwardly adjusted, retail buyers are more likely to make investments extra in abroad belongings, whereas home importers are seemingly to purchase up extra US {dollars}, which is able to defend the decrease vary of the alternate price,” he added.
The home market has led to analyses that the Trump threat might contribute to volatility in home monetary markets within the brief time period, however the impact might be short-term and restricted.
“Contemplating that Nationwide Meeting approval [of a bill regarding investments in the US] is merely a matter of time, it appears applicable to view the Trump administration’s hike of the reciprocal tariff price as market noise,” assessed Han Ji-young, a market researcher and analyst at Kiwoom Securities.
By Kim Hoe-seung, workers reporter
Please direct questions or feedback to [english@hani.co.kr]
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