Analyst: US tariff decision has limited impact on South Korean stocks.
South Korean analysts said on Monday that the decision by the US Supreme Court on President Trump's tariffs is expected to have limited impact on the South Korean stock market, but the effects may differ across different industries. SK Securities analyst Kang Dae-seung stated, "The Supreme Court's decision on tariffs is not expected to have a major impact on the South Korean stock market." He pointed out that the newly introduced global unified tariff rate of 15% is consistent with the level agreed upon in the South Korea-US trade agreement last year. Market observers also noted that the US government is not willing to escalate trade tensions with trade partners, especially before the upcoming US midterm elections in November. Although the overall impact on the market is limited, the decision may have varying effects across different industries, with the automotive industry expected to benefit the most. KB Securities analyst Kang Seong-jin stated, "Since the court's decision reduces tariff-related risks, it is likely that tariffs on Korean automobiles will be consistent with those of other countries, set at 15%."
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