📊 Market Summary
- KOSPI: 3,108.25 (+0.15%) — Ends slightly higher
- KOSDAQ: 798.21 (−0.34%) — Modest dip led by tech & bio correction
- KRW/USD Exchange Rate: 1,361.60 (+0.19%) — Won weakens slightly as dollar strengthens globally
The KOSPI maintained a steady uptrend underpinned by balanced foreign and institutional activity, while the KOSDAQ slipped as investors took profits in growth sectors like AI and biotech.
📰 Key News & Issues
1. 📈 May Industrial Output and Trade Data in Focus
Industrial production rose by +0.4% MoM in May, while exports increased +6% YoY, driven by strength in semiconductors and autos. The data suggests resilience in the real economy despite external uncertainties.
2. 🏦 BOK Flags Dovish Tilt Ahead of July MPC
With the July 10 policy meeting on the horizon, the Bank of Korea hinted at maintaining an accommodative stance, pending thorough analysis of inflation, consumption, and production figures.
3. 💵 Foreign Investor Positioning: Neutral Bias
Foreigners net-bought around KRW 80 billion in KOSPI stocks, while institutions and retail investors were net sellers. Foreign inflows remain a stabilizing force amid mixed domestic sentiment.
4. 🧬 AI & Biotech Face Temporary Pullback
The KOSDAQ’s drop was attributed to profit-taking in AI and biotech names, following recent gains. Investors are reassessing valuations amid market rotation.
5. 🤝 Korea–U.S.–EU FTA Upgrade Talks Begin
Korea has initiated talks to upgrade existing FTAs with the U.S. and EU. The move could provide tailwinds to semiconductor, auto, and consumer exports in the coming quarters.
6. 🌍 Dollar Strength & U.S. Macro Data Keep KRW Under Pressure
The U.S. dollar extended gains on stronger May jobs and spending data, putting downward pressure on the Korean won. However, FX volatility remains contained.
🔮 Outlook & Key Dates
- June 30 (Mon): South Korea's national budget proposal submitted to the Assembly
- July 1 (Tue): Global PMI and U.S. GDP & PCE reports
- July 9 (Wed): U.S. digital tariff policy decision (Trump admin)
- July 10 (Thu): Bank of Korea interest rate decision (MPC)
Investors are advised to track policy shifts, external trade conditions, and inflation surprises closely.
💡 Conclusion & Investment Strategy
✅ Market Recap
Korea’s equity markets remain in a stable phase, with optimism around exports and policy support. The KOSPI held ground despite sectoral corrections in KOSDAQ, highlighting investor confidence in large-cap stability.
📌 Actionable Strategy
- Focus on Export Winners – Position in semiconductors, autos, and consumer stocks
- Utilize AI & Biotech Pullbacks – Gradual entry in corrections
- Watch Monetary Policy – Financial and construction stocks may benefit from easing signals
- Hedge Currency Risk – Stay alert to dollar strength and its impact on imported inflation
- Stay Nimble for U.S. Data – Trim high-beta holdings before key U.S. CPI/GDP releases
📝 Final Note
Policy tailwinds and resilient export momentum are setting a supportive tone for Korean equities. As global volatility persists, diversified and data-driven positioning will help navigate the weeks ahead. Wishing you a profitable and well-prepared investment journey!