FX.co ★ KOSPI Gains on Tech Boost

The KOSPI index advanced by 0.39% to close at 3,217 on Monday, marking a fifth consecutive session of positive momentum, largely driven by gains in technology stocks. Notable contributors to this upward trend included semiconductor giants SK Hynix, which increased by 1.28%, and Samsung Electronics, which saw a rise of 0.72%. Elsewhere, certain sectors like Hyundai Motor and LG Energy Solution experienced a dip, with declines of 1.48% and 0.51%, respectively, following the detainment of 300 South Korean employees at their joint battery facility in Georgia by US authorities. In related developments, former President Trump has called on foreign companies operating in the US to adhere to immigration regulations and prioritize the employment of American workers. In light of this, the South Korean government has initiated discussions on trade and regulatory negotiations with the US to alleviate investor concerns. Trade Minister Yeo Han-koo highlighted that these talks are designed to protect South Korean exporters, particularly those in the automotive and battery industries, from potential negative impacts of new trade policies while addressing ongoing geopolitical and regulatory challenges.