Seoul: South Korean stocks finished slightly higher to end a two-session losing streak Thursday as investors scurry to gauge the potential impact of the upcoming President-elect Donald Trump administration's policy on key sectors like semiconductors, EV batteries, and shipbuilding. The Korean won edged down against the U.S. dollar. After opening slightly lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 1.12 points, or 0.04 percent, to close at 2,564.63.According to Yonhap News Agency, trade volume was moderate at 447 million shares worth 10.6 trillion won (US$7.6 billion), with losers beating winners 352 to 512. Foreigners and institutions led the daily gain with a net purchase of 97.6 billion won and 113.4 billion won, respectively, while individuals sold a net 235.9 billion won. Overnight, major U.S. indexes closed at record highs after Trump won the 2024 U.S. presidential election as investors expected lower taxes and deregulation. The Dow Jones Industrial Average jumped 3.5 percent, and the Nasdaq Composite gained 2.95 percent. In particular, electric vehicle maker Tesla shot up 14.8 percent as its CEO Elon Musk supported Trump's reelection campaign.In Seoul, large caps finished in mixed territory sector by sector. Shipbuilders were the biggest winners as Trump mentioned South Korea's participation in the U.S. shipbuilding industry, particularly in naval shipbuilding, exports, repairs, and maintenance, during a phone conversation with South Korean President Yoon Suk Yeol. Hanwha Ocean shot up 21.76 percent to 33,850 won, and HD Korea Shipbuilding and Offshore Engineering jumped 6.03 percent to 197,000 won. Defense firms were also strong, with industry leader Hanwha Aerospace lifting 4.52 percent to 405,000 won and LIG Nex1 increasing 3.66 percent to 197,000 won.Chip giant Samsung Electronics rose 0.35 percent to 57,500 won, and its rival SK hynix climbed 0.82 percent to 197,400 won. However, EV battery makers went south as LG Energy Solution fell 1.15 percent to 386,000 won, and Sams ung SDI sank 3.52 percent to 288,000 won. Leading biotech firm Samsung Biologics skidded 3.02 percent to 995,000 won, and SK bioscience declined 3.79 percent to 50,800 won. The local currency was trading at 1,396.6 won against the greenback at 3:30 p.m., down 0.4 won from the previous session. During intra-day trading, the won-dollar rate topped 1,400 won on rising demand for the U.S. dollar after Trump's election win.
- October 12, 2026
