The South Korean stock market experienced a significant rally on Friday, with market risk sentiment improving following remarks from US President Donald Trump indicating that the US and Iran are close to reaching an agreement.
The Kospi index surged more than 7% at one point during the morning session, led by gains in semiconductor stocks.
Friday's sharp gains once again highlight the wild volatility of South Korea's $4.3 trillion stock market. Market volatility has intensified in recent years, as more than half of the market's total value is concentrated in just two companies: Samsung Electronics Co Ltd and SK Hynix Inc.
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