FX.co ★ South Korea Shares Rebound on Sector Gains

On Monday, the benchmark KOSPI index advanced by 0.38% to approximately 3,187, rebounding from the previous session's losses and achieving multi-year highs. This upward movement was largely propelled by gains in the automotive and financial sectors. Market sentiment appeared to recover moderately, even as President Trump announced the imposition of 30% tariffs on imports from the European Union and Mexico, scheduled for implementation on August 1. Domestically, investor confidence was bolstered by the finalization of President Lee Jae-myung’s cabinet appointments, which heightened expectations for clearer policies and increased fiscal support under the new administration. Among the notable gainers in leading stocks were Hyundai Motor, which rose 2.16%, SK Hynix, up by 1.78%, KB Financial Group, which gained 0.85%, and Kia Corporation, edging up by 0.10%.