周四，韩元兑美元汇率超过1370韩元，创下两周多来的新高，乐观的经济数据表明复苏强于预期，美元走软。初步数据显示，与前三个月相比，韩国第二季度经济增长了0.6%，超过了0.5%的增长预测。这一势头主要来自半导体、石油产品和化学品强劲增长推动的商品和服务出口季度增长4.2%。在对外方面，原定于周五在华盛顿举行的韩国和美国之间即将举行的高级别贸易谈判因日程安排冲突而推迟。尽管“2+2”对话被推迟，但美国官员建议尽快重新安排，双方正在努力尽早安排新的日期。

The South Korean won strengthened past 1,370 per dollar on Thursday, hitting an over two-week high amid upbeat economic data that pointed to a stronger-than-expected recovery and a weaker dollar. Preliminary figures showed that South Korea’s economy grew by 0.6% in the second quarter compared to the previous three months, outpacing the 0.5% growth forecast. Much of the momentum came from a 4.2% quarterly jump in goods and services exports, driven by strong gains in semiconductors, petroleum products, and chemicals. On the external front, the upcoming high-level trade talks between South Korea and the US, originally set for Friday in Washington, have been postponed due to a scheduling conflict. While the “2+2” dialogue has been delayed, US officials have suggested rescheduling soon, and both sides are working to arrange a new date at the earliest opportunity.

周四，基准韩国综合股价指数上涨1.2%，至3220点左右，延续了前一交易日的涨幅，投资者对强劲的经济数据和企业盈利反应积极。韩国第二季度GDP增长0.6%，避免了技术性衰退，在出口复苏和消费支出的推动下，实现了一年多来的最快增长。在企业方面，科技股领涨，SK海力士在第二季度收入创纪录后上涨3.4%，利润增长69%，这得益于强劲的人工智能芯片需求。LG能源解决方案（+6.2%）、三星生物制品（+6.0%）和韩华航空航天（+2.8%）也实现了稳健增长。与此同时，由于与美国财政部长斯科特·贝森特的日程安排冲突，7月25日在华盛顿举行的美韩高级别关税谈判被推迟。尽管如此，市场情绪仍然乐观，希望在8月新关税生效之前达成协议，双方都在努力尽快重新安排。

The benchmark KOSPI rose 1.2% to around 3,220 on Thursday, extending gains from the previous session, as investors reacted positively to strong economic data and corporate earnings. South Korea's GDP grew 0.6% in Q2, avoiding a technical recession and marking the fastest pace in over a year, driven by export recovery and consumer spending. On the corporate front, tech stocks led the rally, with SK Hynix climbing 3.4% after posting record Q2 revenue and a 69% jump in profit, fueled by robust AI chip demand. LG Energy Solution (+6.2%), Samsung Biologics (+6.0%), and Hanwha Aerospace (+2.8%) also posted solid gains. Meanwhile, high-level US-South Korea tariff talks on July 25 in Washington were postponed due to a scheduling conflict with US Treasury Secretary Scott Bessent. Still, sentiment remains optimistic amid hopes that a deal could be reached before new tariffs take effect in August, with both sides working to reschedule as soon as possible.

根据预先估计，韩国经济在2025年第二季度环比增长0.6%，从第一季度0.2%的收缩中反弹，超过了市场预测的0.5%。私人消费增长0.5%，受机动车等商品和娱乐文化等服务支出增加的支撑。在扩大医疗保健福利的背景下，政府消费增长了1.2%。然而，建筑投资下降了1.5%，建筑和土木工程活动都在下降，而由于机械和运输设备的采购减少，设施投资也下降了1.5%。半导体、石油产品和化学品推动出口增长4.2%，而进口增长3.8%，主要是由于对原油和天然气等能源项目的需求增强。

South Korea’s economy grew 0.6% quarter-on-quarter in Q2 2025, rebounding from a 0.2% contraction in Q1 and surpassing market forecasts of 0.5%, according to advanced estimates. Private consumption rose 0.5%, supported by higher spending on goods like motor vehicles and services such as recreation and culture. Government consumption increased 1.2% on the back of expanded health care benefits. However, construction investment declined 1.5%, with both building and civil engineering activity falling, while facilities investment also dropped 1.5% amid reduced purchases of machinery and transport equipment. Exports rose 4.2%, driven by semiconductors, petroleum products, and chemicals, while imports climbed 3.8%, mainly due to stronger demand for energy items like crude oil and natural gas.

基准韩国综合股价指数周三上涨0.44%，收于3183点，从早些时候的下跌中恢复过来，主要受外国强劲购买和汽车股反弹的推动。外国投资者连续第三个交易日保持净买入，持续的资金流入有助于提振市场情绪并支撑韩元。美日贸易协议进一步推动了这一增长，该协议对日本对美国的汽车出口征收15%的关税，提高了人们对韩国汽车制造商获得市场份额的预期。现代汽车（+4.6%）和起亚公司（+5.6%）领涨，其他公司如LG能源解决方案（+0.9%）和斗山能源（+1.3%）也领涨。企业外汇存款的增加表明出口活动强劲，流动性改善，提振了对上市公司的信心，并支持了股票流入。与此同时，政府派遣高级官员前往华盛顿就该协议的影响进行磋商，这反映了积极的外交，也增强了投资者的信心。

The benchmark KOSPI rose 0.44% to close at 3,183 on Wednesday, recovering from earlier losses, driven primarily by strong foreign buying and a rally in auto shares. Foreign investors remained net buyers for a third straight session, with sustained inflows helping lift market sentiment and support the Korean won. The upturn was further fueled by a US–Japan trade deal that imposes a 15% tariff on Japanese auto exports to the US, raising expectations for South Korean automakers to gain market share. Hyundai Motor (+4.6%) and Kia Corporation (+5.6%) led the gains along with other firms such as LG Energy Solution (+0.9%) and Doosan Enerbility (+1.3%). Rising corporate FX deposits signaled strong export activity and improved liquidity, boosting confidence in listed firms and supporting equity inflows. Meanwhile, the government dispatched senior officials to Washington for consultations on the deal’s implications, reflecting proactive diplomacy, which also reinforced investor confidence.