South Korea stocks extend post-election rally, jump 2% on reform optimism
TOKYO -- South Korean stocks rose on Monday morning, extending gains from last week, as global investors pin their hopes on policy reforms led by the country's new leadership.
The benchmark KOSPI climbed 2% to 2,867.27 at one point, with SK Hynix up 3.8% and Samsung Electronics up 2.2%. The index has jumped nearly 7% since the presidential election held on Tuesday and is in a bull market.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Asahi Shimbun
27 minutes ago
- Asahi Shimbun
Ishiba, Lee share hopes for early meeting in first phone talks
Prime Minister Shigeru Ishiba speaks to reporters following the election of Lee Jae-myung as South Korean president on June 4. (Takeshi Iwashita) Prime Minister Shigeru Ishiba and newly elected South Korean President Lee Jae-myung agreed on the need for improved ties between their respective nations as they talked on the telephone on June 9. According to a Japanese government statement, the two leaders shared 'hopes for an early opportunity for a face-to-face meeting.' It was the first time that Lee, who assumed the presidency on June 4, and Ishiba have held talks. During the conversation that lasted for about 25 minutes from noon, Ishiba and Lee agreed on the importance of Japan-South Korea relations and cooperation between Japan, the United States and South Korea. They also confirmed that Japan-South Korea relations should be developed in a stable manner. Ishiba told Lee that he 'would like to work closely (with Seoul) in dealing with North Korea, including the abduction issue of Japanese nationals by North Korea,' according to the Japanese government. According to an announcement by the Office of the President of South Korea, the two leaders agreed to create a more solid and mature relationship between the two countries based on mutual respect and trust. Lee also stressed that Japan-Korea relations are becoming more important in today's strategic environment, and expressed hope that the two countries will respond to challenges together from the perspective of mutual national interests and seek a direction in which they can coexist in harmony. It was the second time that Lee has held phone talks with a foreign leader, following U.S. President Donald Trump on the evening of June 6. Ishiba and Lee are scheduled to attend the Group of Seven summit in Canada on June 15-17, and may hold their first face-to-face meeting as early as this occasion. (This article was written by Kei Kobayashi, and correspondent Akihiko Kaise.)
3 hours ago
Ishiba, S. Korea's Lee Agree to Develop Stable Ties
News from Japan Jun 9, 2025 16:21 (JST) Tokyo, June 9 (Jiji Press)--Japanese Prime Minister Shigeru Ishiba and new South Korean President Lee Jae-myung agreed Monday to develop stable relations between their countries. During their 25-minute phone talks, Ishiba and Lee affirmed the importance of cooperation between their countries and between the two plus the United States. They shared hopes to meet in person soon. Ishiba congratulated Lee on assuming the presidency, and noted that he hopes to further advance Japan-South Korea relations based on the foundation that the two governments have built. The Japanese leader also expressed his eagerness to cooperate with Lee in dealing with North Korea, including the issue of Japanese abductees in the reclusive country. END [Copyright The Jiji Press, Ltd.] Jiji Press
Yomiuri Shimbun
3 hours ago
- Yomiuri Shimbun
Japan Prime Minister Speaks With New South Korean Leader; Phone Call Represents First Talks Since Lee's Election
Yomiuri Shimbun file photo South Korean President Lee Jae-myung Prime Minister Shigeru Ishiba held telephone talks with new South Korean President Lee Jae-myung for about 25 minutes on Monday. It was the first conversation between the two since Lee was elected president. They are believed to have confirmed that Japan, the United States and South Korea need to cooperate in diplomatic and security fields, according to diplomatic sources.
