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2025-07-30 16:23:18
[South Korean Stocks Soar to a Four-Year High: Can the Trade Deal Continue the Miracle?] ⑴ On the afternoon of July 30th, Beijing time, the Korea Composite Stock Price Index (KOSPI) closed up 0.74% at 3254.47 points, reaching its highest closing price in nearly four years since August 9, 2021. ⑵ The rise was primarily driven by visits to the United States by South Korean government officials and business leaders, as well as growing optimism surrounding trade negotiations with the United States. ⑶ South Korea stated that three cabinet-level officials met with the US Secretary of Commerce in Washington to promote a trade deal. ⑷ According to media reports, several major South Korean corporate leaders, including Samsung Electronics Chairman Lee Jae-yong, are also visiting Washington. ⑸ Daishin Securities analyst Lee Kyung-min noted that such high-level interactions are rare in negotiations with other countries and suggest the possibility of unique cooperation in key areas such as shipbuilding, semiconductors, and automobiles. ⑹ Heavyweight stocks performed strongly, with Samsung Electronics rising 2.83% and SK Hynix gaining 0.38%. 7. Hyundai Motor rose 2.29%, while Kia Motors surged 4.45%. 8. Data showed that foreign investors bought a net 578.467 billion won in the KOSPI market, demonstrating strong confidence. 9. The won strengthened 0.61% against the dollar to 1381.3, while the three-year government bond yield fell slightly to 2.455%. 10. The market is closely watching the progress of the trade negotiations, as their outcome will directly impact the future performance of the Korean stock market.
