South Korea's composite stock price index rose by 2.4%. Reports say that South Korea will reduce dividend taxes.

The South Korean composite stock price index rose by as much as 2.4%, rebounding after its worst week in eight months. Media reports suggest that South Korea will reduce dividend taxes and the National Pension Service may increase its domestic stock allocation, boosting market sentiment. Asset securities strategist Seo Sang-Young pointed out in a report that bank and brokerage stocks surged significantly due to the news of dividend tax relief, providing support for the South Korean composite stock price index. In addition, there are reports that Nvidia CEO Huang Renxun has requested an increase in wafer supply from TSMC, which has helped alleviate concerns about overvaluation in the artificial intelligence sector. The main stocks driving the rise of the South Korean composite stock price index on Monday include SK Hynix, Samsung, and Korean Air. The financial sub-index of the South Korean composite stock price index, along with technology stocks, are the largest contributors to the index. In terms of net purchases, domestic funds are the largest buyers of the South Korean composite stock price index; foreign funds are also buying, while retail investors are mainly selling.