The benchmark KOSPI jumped more than 3% to around 5,990 on Tuesday, staging a sharp rebound from the previous session as improving risk sentiment buoyed markets. Investor confidence was lifted by renewed expectations that negotiations could resume, with both the US and Iran signaling a willingness to re-engage despite the recent collapse in talks and ongoing military tensions. This eased fears of a prolonged disruption to global energy supplies.
Oil prices retreated from recent highs, reducing inflationary pressures and brightening the outlook for energy-importing economies such as South Korea. The advance in Seoul tracked a broader global equity rally, following fresh record highs on Wall Street and higher openings across major Asian markets.
The risk-on tone drove solid demand for large-cap and cyclical names, led by technology and automobile stocks. Among notable movers, Samsung Electronics gained 3.3%, SK hynix 7.0%, Hyundai Motor 4.4%, SK Square 7.1%, Kia Corporation 2.2%, and HD Hyundai Heavy Industries 1.6%.
