KOSPI, Nikkei take breather, China-related markets gain ahead of Trump–Xi summit

By Lee Jung-woo Posted : October 28, 2025, 13:12 Updated : October 28, 2025, 13:12
Graphics by AJP Song Ji-yoon
SEOUL, October 28 (AJP) - Seoul and Tokyo shares slipped Tuesday morning as investors locked in profits following a sharp rally, while China-related markets firmed on expectations of progress in upcoming U.S.–China summit talks.

The benchmark KOSPI fell 1 percent, slipping back below the 4,000 threshold just a day after breaching it for the first time, as traders took profits from a near two-week rally. The stronger-than-expected third-quarter GDP report failed to lift sentiment.
Samsung Electronics dropped below the hard-won 100,000-won mark, while SK hynix managed to hold above 500,000 won. The secondary KOSDAQ index eased 0.2 percent to stay above the key 900-point level.

In Tokyo, the Nikkei 225 edged down to 50,304.53 from Monday’s close of 50,512.32, weighed by profit-taking in export and tech shares. Investors turned cautious after softer-than-expected U.S. jobs data stoked concerns about a slowdown in the world’s largest economy.

China-linked markets extended gains. The Shanghai Composite Index rose 0.7 percent to 3,950 on the back of stronger industrial profit growth and optimism over renewed trade cooperation between Washington and Beijing.
Hong Kong’s Hang Seng Index advanced 0.8 percent to 26,360, supported by tech and biotech shares, while Taiwan’s TAIEX jumped 1.7 percent to 27,993, driven by heavy buying in TSMC and other chip names amid hopes for easing trade tensions and another potential U.S. rate cut.

Markets in Southeast Asia were mixed. Vietnam’s VN-Index slipped 0.2 percent to 1,683, while Malaysia’s FBM KLCI added 0.3 percent to 1,613 on steady economic prospects.

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