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KOSPI at a Turning Point as Trump China Visit and Samsung Strike Loom

Published: · Source: mk.co.kr

KOSPI at a Turning Point as Trump China Visit and Samsung Strike Loom
TL;DR: This week, investors are watching whether the KOSPI can extend last week’s more than 13% rally to 7,498, as Trump’s May 14-15 China visit and a possible Samsung Electronics strike emerge as variables.
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South Korea’s stock market enters the week with attention on whether the KOSPI can keep rising or pause after a sharp short-term rally. Last week, the index jumped more than 13% and closed at 7,498. But the new week brings macroeconomic pressure and geopolitical variables at the same time. Trump’s scheduled China visit on the 14th and 15th could affect market sentiment, while whether Samsung Electronics goes on strike is also being watched by investors. After the rapid rise, profit-taking pressure and external uncertainty may increase volatility this week. Source: mk.co.kr

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