South Korean Equities Surge on Trump-Iran Cease-Fire -- Market Talk

Dow Jones04-08

0515 GMT - South Korean equities are broadly higher after President Trump backed down from his threat to wipe out Iran's civilization, agreeing to a two-week cease-fire deal with Tehran. Index heavyweight Samsung Electronics climbs more than 8% and SK Hynix advances 14%. Hyundai Motor gains about 7%. Korea's Kospi had been hit hard by the Middle East conflict, shedding nearly 20% in March as investors sold off already expensive chip stocks. The benchmark index rises 7.2% to 5888.21. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 01:15 ET (05:15 GMT)

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