基准韩国综合股价指数周五持平于2556点左右，投资者消化了一批新的国内经济数据。特别是，在英国央行在4月会议上决定将政策利率保持在2.75%不变后，2025年4月的年通货膨胀率稳定在2.1%，因为它寻求在控制通货膨胀与支持经济增长之间取得平衡。与此同时，初步数据显示，4月份贸易顺差从去年同期的15.3亿美元飙升至48.8亿美元，尽管在高额关税下对美国的出口下降，但出口意外同比增长3.7%，而进口下降2.3%。在政治方面，在前总统尹锡悦因戒严令尝试失败而被罢免后，财政部长崔相茂于周四在政治动荡中辞职。在个股中，SK海力士（2.2%）、三星生物制品（1.3%）和韩华航空航天（1.4%）上涨。本周，该指数有望首次出现周跌幅。

The benchmark KOSPI traded flat around 2,556 points on Friday, as investors digested a fresh batch of domestic economic data. In particular, the annual inflation rate held steady at 2.1% in April 2025, following the BoK's decision to keep its policy rate unchanged at 2.75% during its April meeting, as it seeks to balance inflation control with support for economic growth. Meantime, preliminary data showed that the trade surplus surged to USD 4.88 billion in April from USD 1.53 billion a year earlier, as exports unexpectedly rose by 3.7% yoy despite a drop in shipments to the US amid heavy tariffs, while imports declined by 2.3%. On the political front, Finance Minister Choi Sang-mok resigned on Thursday amid political turmoil after former President Yoon Suk Yeol’s ousting over a failed martial law attempt. Among individual stocks, gains were seen in SK Hynix (2.2%), Samsung Biologics (1.3%), and Hanwha Aerospace (1.4%). Over the week, the index is on track for its first weekly decline.

标准普尔全球韩国制造业采购经理人指数从3月份的49.1降至2025年4月的47.5，标志着连续第三个月出现收缩，这是自2022年9月以来最明显的收缩。这一下降反映了产出的急剧下降，这是由于在全球贸易持续不确定性和国内经济疲软的情况下，新订单再次疲软造成的。企业通过削减就业、采购活动和库存水平来应对经济衰退。2025年，商业信心也首次转为负值，情绪降至2012年4月调查开始以来的最低水平之一。从更积极的方面来看，通胀压力有所缓和。投入成本通胀虽然仍在上升，但已降至五个月低点，产出价格以更温和但仍然坚挺的速度上涨。

The S&P Global South Korea Manufacturing PMI declined to 47.5 in April 2025 from 49.1 in March, marking the third consecutive month of contraction which was he most pronounced since September 2022. The decline reflected a sharper drop in output, driven by renewed weakness in new orders amid persistent global trade uncertainty and a sluggish domestic economy. Firms responded to the downturn by cutting back on employment, purchasing activity, and inventory levels. Business confidence also turned negative for the first time in 2025, with sentiment hitting one of the lowest levels since the survey began in April 2012. On a more positive note, inflationary pressures softened. Input cost inflation, while still elevated, eased to a five-month low, and output prices were raised at a more moderate, though still firm, pace.

2025年4月，韩国的通货膨胀率同比上升2.1%，与3月持平，符合市场预期。稳定的通胀数据发布之际，韩国央行在4月会议期间将政策利率保持在2.75%，旨在在全球贸易冲击和即将举行的总统选举中平衡通胀控制与经济增长支持。央行还将其2025年的增长预测下调至1.5%以下，理由是美国最近关税政策变化和持续的国内政治不确定性的影响。尽管面临这些挑战，政策制定者仍保持了通胀前景，预计今年整体通胀率为1.9%，核心通胀率为1.8%。按月计算，4月份消费者价格指数上涨0.1%，标志着连续第三个月涨幅放缓，与预期相符。

South Korea's inflation rate rose 2.1% year-on-year in April 2025, unchanged from March and in line with market expectations. The stable inflation reading comes as the Bank of Korea kept its policy rate at 2.75% during its April meeting, aiming to balance inflation control with support for economic growth amid a global trade shock and upcoming presidential elections. The central bank also revised its growth forecast for 2025 downward to below 1.5%, citing the impact of recent U.S. tariff policy changes and ongoing domestic political uncertainty. Despite these challenges, policymakers maintained their inflation outlook, projecting headline inflation at 1.9% and core inflation at 1.8% for the year. On a monthly basis, consumer prices rose 0.1% in April—marking the third consecutive month of slowing gains and aligning with expectations.

韩国4月消费者价格指数增长（MoM）达到预期（0.1%）。韩国4月消费者价格指数增长（MoM）达到预期（0.1%）

South Korea Consumer Price Index Growth (MoM) meets forecasts (0.1%) in April.South Korea Consumer Price Index Growth (MoM) meets forecasts (0.1%) in April