基准韩国综合股价指数周五收于2655点，几乎持平，电池、汽车和钢铁制造商的涨幅抵消了芯片股的大幅下跌。随着韩国和美国举行会谈以缓解计划关税的不确定性，投资者情绪也有所提升，贸易部长强调了解决可能影响出口导向型经济的钢铁、铝和汽车潜在关税的努力。与此同时，韩国央行周二降息25个基点以支持疲软的经济增长的预期也有助于限制损失。在主要股票中，现代汽车（1.5%）、浦项制铁控股（5%）和三星SDI（2%）表现最佳。不利的一面是，芯片制造商三星电子和SK海力士分别下跌0.3%和1.2%。在经济数据方面，韩国的商业信心在2025年2月连续第二个月改善，从1月的63上升到65。本周，基准指数上涨2.5%，标志着其第三周上涨。

The benchmark KOSPI closed nearly flat at 2,655 points on Friday, as gains in battery, auto, and steelmakers offset sharp declines in chip stocks. Investor sentiment was also lifted as South Korea and the US held talks to ease uncertainty over planned tariffs, with the Trade Minister stressing efforts to address potential duties on steel, aluminum, and automobiles that could impact the export-driven economy. Meanwhile, expectations for a 25-basis-point rate cut by the Bank of Korea on Tuesday to support sluggish economic growth also helped limit losses. Among key stocks, Hyundai Motor (1.5%), Posco Holdings (5%), and Samsung SDI (2%) were the top performers. On the downside, chipmakers Samsung Electronics and SK Hynix dropped 0.3% and 1.2%, respectively. On the economic data front, South Korea's business sentiment improved for the second straight month in February 2025, rising to 65 from 63 in January. Over the week, the benchmark index increased 2.5%, marking its third weekly gain.

韩元兑美元汇率在上一交易日触及近四周高点后暴跌约1435韩元兑美元，原因是投资者在韩国央行即将出台的货币政策决定之前变得谨慎。韩国严重依赖芯片和汽车出口，尤其是对美国的出口，面临着美国总统特朗普关税威胁带来的日益增长的风险，这可能会影响出口，市场情绪进一步受到抑制。这促使人们呼吁央行降息，预计下周将降息25个基点，以支持上个季度几乎没有增长的经济。从积极的方面来看，韩国官员在本周访问华盛顿期间要求免除美国钢铁和铝的互惠关税。此外，最新数据显示，韩国的商业信心在2025年2月连续第二个月改善，从1月的63上升到65。

The South Korean won tumbled around 1,435 per dollar, after hitting a near four-week high in the previous session, as investors turned cautious ahead of the Bank of Korea’s upcoming monetary policy decision. Sentiment was further dampened as South Korea, heavily reliant on chip and auto exports, particularly to the US, faces growing risks from US President Trump’s tariff threats, potentially impacting shipments. This has fueled calls for the central bank to cut rates, with a 25-basis-point reduction expected next week to support an economy that barely grew last quarter. On a positive note, South Korean officials have requested an exemption from US steel and aluminum reciprocal tariffs during their visit to Washington this week. Additionally, latest data showed that South Korea's business sentiment improved for the second straight month in February 2025, rising to 65 from 63 in January.

周五早盘，基准韩国综合股价指数下跌0.4%，至2644点左右，芯片股暴跌，延续了前一交易日的跌幅。投资者仍持谨慎态度，因为韩国严重依赖芯片和汽车出口，尤其是对美国的出口，面临着特朗普关税威胁带来的日益增长的风险。这促使人们呼吁韩国央行降息，预计周二将降息25个基点，以支持上个季度几乎没有增长的经济。与此同时，韩国官员在本周访问华盛顿期间要求免除美国的钢铁和铝关税。从积极的方面来看，韩国的商业信心在2025年2月连续第二个月改善，从1月的63上升到65。在主要股票中，芯片巨头三星电子（-1.7%）和SK海力士（-2.4%）领跌，而新韩金融（2.1%）和钢铁制造商浦项制铁控股（6.2%）则上涨。本周，基准指数有望实现第二周上涨。

The benchmark KOSPI fell 0.4% to around 2,644 points early Friday, extending losses from the previous session as chip stocks slumped. Investors remained cautious as South Korea, heavily reliant on chip and auto exports, particularly to the US, faces growing risks from Trump’s tariff threats. This has fueled calls for the Bank of Korea to cut rates, with a 25-basis-point reduction expected on Tuesday to support an economy that barely grew last quarter. Meanwhile, South Korean officials have requested an exemption from US steel and aluminum tariffs during their visit to Washington this week. On a positive note, South Korea's business sentiment improved for the second straight month in February 2025, rising to 65 from 63 in January. Among key stocks, chip giant Samsung Electronics (-1.7%) and SK Hynix (-2.4%) led the losses, while Shinhan Financial (2.1%) and steel maker Posco Holdings (6.2%) posted gains. Over the week, the benchmark index is on track to post its second weekly gain.

韩国制造业的商业调查指数（BSI）从1月份的63上升到2025年2月的65，标志着在经历了一段时间的下降后，市场情绪连续第二个月有所改善。所有行业的综合商业情绪指数（CBSI）上升1.1点，至90.1，而下个月的前景也有所上升，上升2.0点，至91.1。在制造业，产量从1月份的77个提高到80个。然而，新订单（74）、库存状况（103）和财务状况指数（78）保持不变。

The Business Survey Index (BSI) for South Korea's manufacturing sector rose to 65 in February 2025, up from 63 in January, marking the second consecutive month of improvement in sentiment after a period of decline. The Composite Business Sentiment Index (CBSI) for all industries increased by 1.1 points to 90.1, while the outlook for the following month also saw a gain, rising by 2.0 points to 91.1. In the manufacturing sector, production improved to 80 from 77 in January. However, new orders (74), inventory conditions (103), and the financial situation index (78) remained unchanged.