Despite U.S. President Donald Trump sending tariff letters to major trading partners such as Korea and Japan, the KOSPI rose by more than 1%, recovering the 3,100 level.
On the 8th, as U.S. President Trump sent mutual tariff letters to various countries including Korea and Japan, increasing uncertainty in trade policies, the KOSPI index was displayed on the monitor in the dealing room of Hana Bank in Jung-gu, Seoul. On that day, the KOSPI opened at 3,071.74, up 12.27 points (0.40%) from the previous session, recovering the 3,100 level. July 8, 2025 Photo by Cho Yongjun
On July 8, the KOSPI closed at 3,102.68, up 43.21 points (1.41%) from the previous trading session.
On July 7 (local time), all three major indices in New York declined. The tariff letters sent by President Trump to major trading partners contributed to the downturn in the New York stock market.
In contrast, the KOSPI is on an upward trend, driven by net buying from both foreign investors and institutions. By investor type, foreigners and institutions recorded net purchases of 12.5 billion KRW and 202.6 billion KRW, respectively. On the other hand, individuals recorded a net sale of 186.8 billion KRW.
By sector, securities rose by 4.62%, while machinery and equipment, electric and gas, and insurance sectors each climbed by more than 2%. Construction, entertainment and culture, and transportation equipment and parts also gained more than 1%. In contrast, pharmaceuticals, textiles and apparel, and transportation and storage saw slight declines.
Among large-cap stocks, Samsung Electronics traded at 61,800 KRW, up 100 KRW (0.16%) from the previous session. Shinhan Financial Group surged by 6.52%, while KB Financial Group and Doosan Enerbility each rose by more than 4%. SK hynix, HD Hyundai Heavy Industries, and Samsung C&T increased by more than 2-3%. In contrast, Samsung Biologics and Celltrion posted slight declines.
The KOSDAQ closed at 782.17, up 3.71 points (0.48%) from the previous session.
By investor type, individuals and institutions recorded net purchases of 8.3 billion KRW and 9.5 billion KRW, respectively. On the other hand, institutions recorded a net sale of 18.4 billion KRW.
By sector, construction rose by 2.18%. Entertainment and culture, distribution, and metals each gained more than 1%. In contrast, paper and wood, as well as non-metals, posted slight declines.
Among large-cap stocks, Alteogen fell to 410,000 KRW, down 7,000 KRW (1.68%) from the previous session. Hugel also declined by 1.11%.
In contrast, Kolon TissueGene jumped by 5.85%, and Silicon Two rose by 3.68%. In addition, EcoPro BM, PharmaResearch, and Peptron each gained more than 1%.
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