KOSPI cautious amid tariff uncertainty and rising bond yields…fluctuates in firm territory

KOSDAQ trades near unchanged

The KOSPI index is trading in firm territory as investors are cautious over U.S. tariff uncertainty and rising bond yields.

As of 9:10 a.m. on the 3rd, the KOSPI index was at 3,175.29, up 2.94 points (0.09%) from the previous day. The index opened up 0.17% but at one point turned lower.

In the early hours, the New York market fell, apparently affected by concerns over fiscal burdens after a ruling that the Trump administration's tariff policy was illegal. Amid such uncertainty, U.S. bond yields rose, creating unease.

At this time in the KOSPI market, foreign investors have a net purchase of 99.9 billion won. Institutions and individual investors are showing net selling of 85.8 billion won and 7.8 billion won, respectively.

Top market-cap KOSPI stocks are mixed. Samsung Electronics (0.14%), LG Energy Solution (1.86%), Samsung Biologics (0.4%), Hanwha Aerospace (1.39%) are rising, while SK Hynix (-0.38%), HD Hyundai Heavy Industries (-0.19%), Kia (-0.56%) are falling. Hyundai Motor is trading flat.

The KOSDAQ index is also trading near unchanged. As of now, the KOSDAQ index is up 0.06% at 794.46.

The won–dollar exchange rate opened higher. In the Seoul foreign exchange market, the won–dollar rate opened at 1,395.2 won, up 4.2 won from the previous day.

Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com