📊 Market Summary
- KOSPI: 2,920.03 (+0.45%)
- KOSDAQ: 789.45 (+0.40%)
- KRW/USD Exchange Rate: 1,358.50 (–0.88%)
The KOSPI surged for the 7th consecutive trading day, briefly touching 2,930 intraday, while the KOSDAQ hovered just below the 790 mark. The Korean won strengthened sharply as the U.S. dollar weakened globally.
📰 Top News & Issues
1. 📈 Foreign Buying Powers Up Defense & Shipbuilding Sectors
Defense and shipbuilding stocks such as Hanwha Ocean, HD Hyundai Marine Engine, and Taewoong soared, driven by foreign inflows. Hyundai Rotem hit a new all-time high amid expectations of a second K2 tank export deal.
2. 🔥 KOSPI Rally Hits 7 Days — Highest Since January 2022
Dubbed the "honeymoon rally," the KOSPI reclaimed the 2,900 mark for the first time in 3.5 years, fueled by investor confidence in stock market reforms under President Lee Jae-myung’s administration.
3. 💸 Foreign and Institutional Buying Remains Strong
Foreign investors, especially in SK Hynix and Samsung Electronics, continued robust buying. Institutional investors followed suit, keeping upward momentum in the broader market.
4. 🎙 President Lee Visits Korea Exchange, Vows Market Reform
President Lee Jae-myung visited the Korea Exchange, reaffirming his commitment to eradicate unfair trading and introducing tax reform plans to expand dividends. His visit boosted investor sentiment.
5. 🌏 Tailwinds from Global Events and Policy Support
Progress in U.S.-China trade talks, easing geopolitical risks in the Middle East, currency stability, and policy momentum ahead of the OECD ministerial meetings supported bullish sentiment.
🔮 Outlook & Upcoming Events
- June 13 (Fri): G7 Leaders’ Summit begins
- June 17–18: U.S. FOMC meeting – Key rate decision
- Mid-June: Bank of Korea interest rate meeting
- Later this month: Korean industrial production data and U.S. economic indicators
With major global and domestic events on the horizon, short-term volatility may rise, but the medium-term outlook remains cautiously optimistic.
💡 Investment Strategy
- Defense & Shipbuilding: Focus on Hyundai Rotem, Hanwha Aerospace, and KAI as foreign demand intensifies.
- Semiconductors & Tech Giants: Accumulate SK Hynix and Samsung Electronics amid continued foreign interest.
- Policy-Themed Stocks: Watch digital asset, green energy, and high-dividend stocks.
- Currency Hedge: Consider rebalancing foreign-denominated assets as the KRW strengthens.
- Risk Management: Lock in partial profits and prepare to re-enter on pullbacks in fast-rising names.
📝 Closing Thoughts
Korea’s stock market continues its impressive rally, bolstered by strong foreign and institutional demand, policy support, and optimism surrounding President Lee’s capital market agenda. While momentum remains strong, investors should stay agile with a balanced strategy to ride this wave wisely.