FX.co ★ South Korea Shares Climb Amid Trade Hopes

The benchmark KOSPI advanced by 0.25% to approximately 3,120 on Wednesday, continuing its upward trend. This rise followed the announcement of postponed US tariff hikes affecting 14 trading partners, including South Korea. This deferral is perceived as a potential indicator of negotiation flexibility, alleviating immediate pressure on Korean exports and enhancing investor confidence. Such developments fuel optimism for diplomatic resolutions and stabilization in global trade. Notably, sectors reliant on exports, such as technology, automobiles, and steel, which are particularly vulnerable to trade disputes and tariffs, experienced a brief respite. In the corporate arena, LG Energy Solutions climbed 1.3%, while Hanwha Aerospace surged by 4.7%.