Seoul Stocks Close Higher on Monday Amid Tariff Concerns
(MENAFN) Seoul’s stock market edged higher Monday as investors closely monitored developments in trade negotiations with the United States ahead of the critical July 9 deadline set by President Donald Trump. Meanwhile, the Korean won weakened against the U.S. dollar.
The Korea Composite Stock Price Index (KOSPI), the nation’s main benchmark, gained 5.19 points—or 0.17 percent—to finish at 3,059.47.
Trading activity was moderate, with 349.78 million shares changing hands, valued at 10.11 trillion won (approximately US$7.4 billion). Declining stocks outnumbered advancing ones 459 to 427.
Individual investors emerged as net buyers, purchasing stocks worth 152.66 billion won, which offset sales by institutional investors and foreign traders amounting to 83.52 billion won and 91.49 billion won, respectively.
The Trump administration has announced that higher tariffs are set to take effect on August 1, though some nations may receive extensions to negotiate tariff terms.
Market watchers remain focused on the trade talks’ outcome for guidance on future market direction, analysts noted.
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