FX.co ★ Korean Stocks Rise on Bargain Hunting

The benchmark KOSPI advanced 3.14% to around 5,706 on Wednesday, extending its rally as investors rotated back into equities in search of attractive valuations despite persistent uncertainty in global energy markets. The rebound was fueled by renewed buying following recent declines, with investors accumulating undervalued shares across key sectors. Caution remained, however, amid escalating tensions in the Middle East that have heightened oil price volatility. Concerns intensified after US President Donald Trump warned Iran of possible military retaliation over alleged mining activities in the Strait of Hormuz, stating that US forces had destroyed ten inactive vessels linked to the operation. Chipmakers, automakers, and pharmaceutical names underpinned the index’s advance, with notable gains from Samsung Electronics (+1.44%), SK Hynix (+0.80%), Hyundai Motor (+2.29%), Samsung Biologics (+3.83%), and Kia Corp (+3.91%).