Increase in Inflows to South Korean Gold ETFs and Impact of Supreme Court Ruling on Korean Stock Market
Increase in Inflows to South Korean Gold ETFs and Impact of Supreme Court Ruling on Korean Stock Market
Last month, the net inflow into South Korea's gold exchange-traded fund (ETF) reached about $544.2 million, ranking sixth globally. This increase in inflows reflects a positive trend in the gold market, enhanced by the resumption of gold bar sales by major banks. The recent spike in gold prices from $4,300 to $5,400 per ounce highlighted the scarcity of gold and significantly increased investor interest in ETFs. Meanwhile, the U.S. Supreme Court's ruling against the legality of former President Trump's reciprocal tariff policy has positively impacted various industries, revitalizing the South Korean stock market. In particular, semiconductor and automobile export stocks showed remarkable gains, while the safety asset preference amid policy uncertainty led to a rise in gold and silver-related ETFs. As a result, the KOSPI reached an all-time high, driven by large-cap semiconductor stocks and automobile-related stocks. The stocks in consumer goods and home appliances sectors also saw increased buying interest, further invigorating the overall South Korean stock market.
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