[Good Morning Stock Market] Will It Ride on the Rise of the US Stock Market?

On the 24th, the KOSPI opened at 2248.26, up 35.14 points (1.59%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1430.0 won, down 9.8 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Hwang Junho] On the 25th (local time), the US stock market closed higher as the US housing prices fell and the UK market stabilized, leading to declines in the dollar and government bond yields. This has raised expectations that investor sentiment in the Korean stock market may also improve.

Seosangyoung, a researcher at Mirae Asset Securities, said on the 26th, "The rise in the US stock market on this day will have a favorable impact on the Korean stock market," adding, "Amid the recent sharp declines, sectors such as electric vehicles and secondary batteries led the gains, and the strength in sectors with positive factors such as software and semiconductors will raise expectations for related sectors in the Korean stock market as well."

However, it is expected that the fact that Alphabet, Google's parent company, reported weak earnings after the US market closed and is sharply declining will act as a burden on the Korean stock market.

Han Jiyoung, a researcher at Kiwoom Securities, also analyzed, "Similar to the mid-summer rally, the combination of this year's third-quarter earnings season progressing better than expected and the Federal Reserve's expected policy pace adjustment is restoring market risk appetite."

He continued, "The Korean stock market is expected to be supported by the decline in the won-dollar exchange rate (-6 won) due to the easing of the dollar's strength and the strength of US growth stocks such as Tesla (5.3%) and Meta (6.0%)," but "Microsoft's better-than-expected earnings notwithstanding, concerns over its cloud business and Alphabet's earnings shock due to decreased advertising revenue, which caused a sharp drop of over 6% in after-hours trading, will act as downward pressure."

Meanwhile, during the trading session, earnings reports from major companies such as Hyundai Construction, Samsung SDI, and LG Innotek are scheduled to be announced.

This content was produced with the assistance of AI translation services.