South Korea Stocks Rise on Samsung Electronics' Q1 Earnings Optimism, Red Sea Oil Route Plans

MT Newswires Live04-07

South Korean shares closed higher on Tuesday, driven by the upbeat earnings estimates of Samsung Electronics for the first quarter of 2026.

In addition, South Korea's plans to use the Red Sea route for the transport of its oil supplies from the Middle East amid the disruption in the Strait of Hormuz due to the Iran war also drove sentiment higher.

The Korea Composite Stock Price Index or Kospi rose 44.45 points, or 0.8%, to end at 5,494.78. The Kosdaq decreased by 10.64 points, or 1%, to close at 1,036.73.

In economic news, South Korea's foreign direct investment rose 0.1% to $6.4 billion in the first quarter from a year earlier, according to Ministry of Trade, Industry and Resources data.

Actual inflows in the quarter hit $7.1 billion, marking the highest first-quarter level on record.

Overseas investment remained strong in sectors such as semiconductors, batteries, AI data centers, and offshore wind, extending momentum from the record FDI in 2025.

In corporate news, Samsung Electronics (KRX:005930) estimates first-quarter 2026 consolidated sales of between 132 trillion won and 134 trillion won, according to a press release on Tuesday.

Q1 operating profit is estimated at about 57.1 trillion won to 57.3 trillion won, the company said without providing year-ago figures.

The estimates are based on K-IFRS.

Shares of the company rose nearly 2% at market close.

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