New Delhi, July 9 -- South Korea stock market today: Shares of South Korean defence stocks traded higher on Wednesday, tracking the gains in the mainboard KOSPI index as investors shrugged off the fresh tariffs imposed by US President Donald Trump.

Japan and South Korea are among the major trading partners of the US, from the countries, on which Trump has announced fresh tariffs of 25%.

However, Trump has given an extension in the tariff deadline to August 1 from July 9 earlier, to reach a trade deal or be subjected to new tariff rates, providing investors hope that trade negotiations would be reached.

Additionally, Trump said on Tuesday that South Korea should be paying for its own military protection, suggesting the US ally needed to...