(15 Apr 2025)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Seoul, South Korea – 15 April 2025
1. Various of KOSPI
2. Various points displayed on screens inside the Hana Bank dealing room
STORYLINE:
Stocks rose worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing.
South Korea’s KOSPI opened higher, buoyed by the Trump administration’s indication of additional tariff exemptions on auto parts and the announcement of upcoming negotiations with South Korea, which had a positive impact on investor sentiment.
At approximately 10 a.m. Tuesday in Seoul, South Korea’s benchmark Korea Composite Stock Price Index (KOSPI) was at 2471.93, which was 0.63 percent higher than Monday’s closing point.
The S&P 500 climbed 0.8%, though trading was still shaky, and it briefly gave back all of its big early gain of 1.8%. The Dow Jones Industrial Average rose 312 points, or 0.8%, and the Nasdaq composite added 0.6%.
Apple and other technology companies helped lift Wall Street after Trump said he was exempting smartphones, computers and other electronics from some of his stiff tariffs, which could ultimately more than double prices for U.S. customers of products coming from China. Such an exemption would mean U.S. importers don’t have to choose between passing on the higher costs to their customers or taking a hit to their own profits.
Ap video shot by Yong-ho Kim
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