KOSPI Faces Trump China Visit on May 14-15, Samsung Strike Risk

Attention is turning to whether the KOSPI can keep rising this week or enter a period of consolidation. Last week, the index climbed more than 13% over the week and closed at 7,498. This week, however, macroeconomic burdens and geopolitical variables are emerging at the same time. Trump’s scheduled visit to China on May 14-15 is being cited as a factor that could affect market sentiment. The possibility of a Samsung Electronics strike is also becoming a variable for the domestic stock market. After the sharp rally, profit-taking pressure and external factors may determine whether the KOSPI extends gains or moves into correction. Source: mk.co.kr