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Updated · Bloomberg · Jun 12Kospi Surges 8% as Trump Signals US-Iran Deal to End War
3 articles · Updated · Bloomberg · Jun 12Summary
- South Korea’s benchmark Kospi jumped as much as 8% in early trading, marking a sharp risk-on move after signs of a possible end to the US-Iran war.
- Donald Trump said the US was nearing an agreement with Iran, lifting investor appetite for equities and other risk assets.
- Chipmakers led the rally, driving gains across the Seoul market as investors piled into cyclical and export-heavy stocks.
- The surge shows how quickly regional markets are repricing geopolitical risk as hopes of a diplomatic breakthrough rise.
Insights
With the Iran conflict escalating, is the market’s record-breaking rally ignoring a harsh reality? Can the AI chip boom survive a war that has broken its global supply chain?