STOCKS | South Korean Assets Surge Following U.S.-Iran Ceasefire Agreement

U.S. President Donald Trump has agreed to a two-week ceasefire with Iran, easing concerns over prolonged disruptions to global energy supplies and sparking widespread risk appetite. According to Jin10, South Korean assets experienced significant gains, with the benchmark Kospi index surging by 6.2%, leading Asian stock markets and marking its fourth consecutive day of increases. Major chipmakers Samsung Electronics and SK Hynix saw their stock prices rise by over 9%. The Kospi 200 index futures also climbed more than 6%, prompting a temporary halt in program trading by the exchange. The Korean won appreciated by 1.9% against the U.S. dollar. Meanwhile, South Korea's 10-year government bond futures rose by 120 ticks, and the 3-year bond yield fell to 3.3%, as declining oil prices alleviated inflation pressures and reduced expectations for a rate hike by the Bank of Korea. The central bank is scheduled to hold its rate decision meeting on Friday.