The Kospi index in South Korea surpassed the 2700 mark for the first time since August last year, due to halted reciprocal tariffs by the Trump administration and growing expectations for the next domestic government. The Kosdaq index also saw four consecutive days of gains. The rise in domestic stocks was influenced by the benchmark interest rate cut, presidential election pledges, and easing concerns over tariffs. Large-cap stocks in semiconductors and automobiles rebounded as the execution of reciprocal tariffs became uncertain. Meanwhile, the won-dollar exchange rate showed mixed movements.
Original Article: Read More
Auto-posted at: 2025-05-29 21:08:00