Seoul stocks closed slightly higher on Tuesday as traders assessed the potential impact of a Donald Trump victory in the US presidential election on the market. The local currency weakened against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) increased by 0.18 percent to close at 2,866.09, with trade volume reaching 667.5 million shares valued at 12.4 trillion won. Foreign investors and institutions bought local shares worth 181.4 billion won and 106.2 billion won, respectively, offsetting retail investors' sell-off of 282.9 billion won. Following an assassination attempt on Trump, the Dow Jones Industrial Average reached a new high, boosting expectations of his potential victory and the prospect of corporate tax cuts and relaxed regulations. Analysts noted that the Korean stock market is adjusting to the increased likelihood of Trump's win. In Seoul, major tech and auto shares led the gains, with Samsung Electronics and SK hynix among the top performers. However, battery shares experienced significant declines due to negative prospects for the electric vehicle industry. The local currency closed at 1,384.70 won against the US dollar, down 2.1 won from the previous session, while bond prices rose, leading to declines in yields. Overall, the market showed resilience in the face of uncertainty surrounding the US election, with certain sectors experiencing gains while others faced challenges.