경제들(Economies)/뉴스들(News)

🌿 July 1, 2025 (Tue) – “Signs of Manufacturing Recovery & Digital Finance Momentum Lift Korean Market” 🌿

월드경제재테크 2025. 7. 2. 08:01
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Modest rebound driven by improving manufacturing data, stable trade flows, and financial innovation signals.

📊 Market Close

  • KOSPI: 3,089.65 (+0.58%)
  • KOSDAQ: 783.67 (+0.28%)
  • KRW/USD Exchange Rate: 1,356.40 (+0.08%)

The KOSPI posted moderate gains thanks to manufacturing PMI improvement and export resilience. KOSDAQ also rose, boosted by momentum in relevant theme stocks.

📰 Major Market Drivers

1. 🏭 Manufacturing PMI Improves Slightly

  • June S&P Global Korea Manufacturing PMI came in at 48.7, up from 47.7 in May.
  • Though still below 50, the five-month contraction trend showed signs of easing, helped by domestic demand and recovering exports.
    (Reuters)

2. 📈 June Exports – Semiconductor Recovery in Focus

  • June exports grew +4.3% YoY to $59.8 billion, led by semiconductors.
  • However, exports to the U.S. and China dipped (−0.5% and −2.7%), while exports to the EU (+14.7%) and Southeast Asia (+2.1%) rose.
  • Anticipation of tariff easing continues to support outlook.
    (Reuters)

3. 🏦 “Kimchi Bonds” Resurrected, Digital Assets on the Rise

  • South Korea lifted a 14-year ban on domestic-currency "Kimchi Bonds" to stabilize foreign currency liquidity.
  • This move also signals a policy response to rising stablecoin activity and fintech growth.
    (FT)

4. 🌐 Tariff Uncertainty Continues

  • Ahead of the July 9 deadline for the U.S. to reimpose tariffs, trade talks are ongoing.
  • Despite some positive manufacturing data, concerns remain in specific employment-sensitive sectors.
    (FXStreet)

5. 💧 Bank of Korea Liquidity Injection Ahead

  • BOK announced an expansion of its 14-day RP purchase program starting July 10, aiming to stabilize short-term rates and financial markets.
    (Reuters)

6. 🏛️ Global Central Bank Volatility Expected

  • Key speeches from ECB’s Lagarde and Fed officials are expected, alongside major data releases such as EU CPI and U.S. ISM.

🔮 Upcoming Events

DateEventImpact
July 1 (Tue) Korea Trade Balance Insight into trade trends and FX moves
July 3 (Thu) U.S. June ISM PMI Global demand signal
July 9 (Wed) U.S. Tariff Deadline Key risk to exports and KRW
July 10 (Thu) BOK RP Operation Liquidity and rate impact
Early July EU CPI, Fed Speeches Global FX and interest rate sensitivity
Mid-July Korean Corporate Earnings Export and manufacturing stock performance check
 

💡 Summary & Strategy

🧠 Market Overview

  • Positive signals from PMI and export data supported the KOSPI.
  • BOK’s liquidity support and policy measures bolstered investor confidence.
  • However, global tariff policy and monetary risks still loom large.

📌 Investment Strategy

  1. Export-Linked Sectors – Semiconductors, Autos, Tech
  2. Financial Innovation Themes – Digital finance, FX-sensitive stocks
  3. Construction/Infra – Plays on local demand and improving PMI
  4. Short-Term Hedges – Tariff risks, global uncertainty protection
  5. Global Monetary Monitoring – Rebalancing around Fed & ECB commentary

📝 Closing Remarks

Korea’s market rebounded on July 1, supported by improving manufacturing and stable trade flows.
While domestic signals turn cautiously optimistic, global uncertainties—especially tariffs and monetary events—remain critical.
Wishing you a sharp eye and solid returns in the opening week of Q3! 🙌

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