Risk appetite drives South Korea's Kospi index to rebound significantly. Trump hints that the war with Iran will end soon.

The South Korean stock market rebounded, with risk sentiment rising. Prior to this, US President Donald Trump hinted that the war is about to end, boosting a rebound in the US stock market. After falling 6% on Monday, the Korea Composite Stock Price Index surged as much as 5.5% today. Leading the global stock market gains in South Korea since the beginning of last year, chip giants Samsung Electronics and SK Hynix both saw their stock prices rise by more than 8%.