President Donald Trump’s remarks suggesting Iran’s willingness to negotiate with the U.S. have reignited risk appetite among investors. The domestic stock market opened higher in pre-market trading on Tuesday.
Nextrade reports that as of 8:29 a.m., 639 stocks, including Samsung Electronics, were up 2.57% in pre-market trading.
Samsung Electronics was trading at 207,500 KRW (about 140 USD), up 6,500 KRW (about 4.4 USD) (3.23%) from the previous day. SK Hynix also saw gains, trading at 1,082,000 KRW (about 730 USD), an increase of 42,000 KRW (about 28 USD) (4.04%).
Most stocks showed positive movement, with Hyundai Motor up 2.72%, LG Energy Solution rising 1.49%, KB Financial Group gaining 1.60%, and Doosan Enerbility increasing 1.71%. Hanwha Aerospace was the exception, dipping 0.26%.
Wall Street closed higher despite the collapse of initial U.S.-Iran talks, as hopes for further negotiations emerged. President Trump’s comments on ongoing dialogue between the two nations eased fears of a full-scale conflict, bolstering investor confidence.
On Monday, President Trump told reporters regarding renewed talks with Iran, What I can say is that we received a call from the other side, adding that they are very eager for an agreement.
This positive sentiment drove the Dow Jones Industrial Average up 0.63%, while the S&P 500 and Nasdaq indices climbed 1.02% and 1.23%, respectively. The Philadelphia Semiconductor Index also saw a 1.68% increase.
International oil prices, which had surged past 100 USD the previous day, retreated to the high 90s USD. West Texas Intermediate crude traded around 96 USD, with Brent crude hovering near 98 USD.
Overnight gains in the MSCI Korea Index Exchange Traded Fund (ETF) and the Philadelphia Semiconductor Index, coupled with a more than 3% rise in KOSPI night futures, suggest the regular trading session is likely to open higher.