[Good Morning Stock Market] US Stocks Rise Despite Trump Tariffs... Korean Stocks Also Show Optimism

Despite Steel and Aluminum Tariffs, Markets Close Firm... Nasdaq Up 1%
Tariff Concerns Already Priced In... Focus Shifts to Actual Impact
"Rising Trading Volume in Korean Stock Market Seen as Positive for Rebound"

Despite the tariff imposition by U.S. President Donald Trump, all major indices on the New York Stock Exchange rose. This is expected to have a positive impact on the domestic stock market as well.

On the 10th (local time), the S&P 500 index closed at 6066.44, up 0.67% from the previous trading day. The Nasdaq index also rose 0.98% to close at 19,714.27. The Dow Jones Industrial Average increased 0.38% to 44,470.41.

Although President Trump announced plans to impose a 25% tariff on all steel and aluminum products imported into the U.S. and said that the reciprocal tariff policy would be revealed on the 11th or 12th, the market closed with a firm tone.

Despite the steel and aluminum tariffs, investors focused on the expected benefits to traditional industries within the U.S. It is also anticipated that President Trump's tariff policy will affect steel and aluminum exports from Asian countries, including Korea.

Among individual stocks, Nvidia led the market with a 2.9% increase. It showed significant gains among tech stocks due to increased demand in artificial intelligence (AI) and cloud sectors. Investors seem to expect higher sales of Nvidia products this year. Amazon also closed up 1.7% amid positive outlooks related to AI investments. Alphabet, Google's parent company, rose 0.6%.

The steel and aluminum sectors also showed strong gains across the board. Cleveland-Cliffs surged 18%, and another steelmaker, Nucor, rose 5.6%.

The market is closely watching President Trump's announcement on reciprocal tariffs. Investors are monitoring the potential economic impact and the spread of inflation uncertainties. However, considering that major global stock markets mostly closed higher despite Trump's steel and aluminum tariff announcement, it is analyzed that tariff concerns have been preemptively reflected over the past three to four months. Han Ji-young, a researcher at Kiwoom Securities, predicted, "Going forward, the market will shift to a data-dependent phase, responding while confirming the actual impact of the tariffs."

The MSCI Korea Index Exchange-Traded Fund (ETF), closely linked to the Korean stock market, rose 1.85%. The Philadelphia Semiconductor Index also increased by 1.46%, suggesting favorable winds for the domestic market. With strong AI-related stock prices in semiconductors and software in the U.S. market and the stabilization of the won-dollar exchange rate volatility, the market is expected to start with gains centered on large-cap stocks.

In particular, the recent increase in trading volume during the rising phase is also considered a positive factor. According to the Korea Exchange, as of the 10th, the trading value on the KOSPI market was 10.5409 trillion won, exceeding the average daily trading value of 9.9073 trillion won since the beginning of the year. The previous day's trading value on the KOSDAQ market was 10.7671 trillion won, significantly surpassing the average daily trading value of 7.73781 trillion won since the start of the year.