South Korea's Kospi Index surged 8% as hopes for a US-Iran agreement boosted market sentiment, with chip stocks leading the early morning rally.
Chip stocks have led this rally
Jun 12, 2026
09:45 am
What's the storySouth Korea's benchmark Kospi Index has witnessed a massive surge of 8% in early trading today.
The spike comes on the back of improved risk appetite after US President Donald Trump hinted at an imminent agreement with Iran to end the ongoing war.
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Korea's Kospi soared 8% as optimism over an Iran deal boosted chip stocks, led by Samsung and SK Hynix.
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