KOSPI skyrockets

A financial data screen in the dealing room of Hana Bank in Seoul on April 8, 2026, shows the benchmark Korea Composite Stock Price Index having gained 377.56 points, or 6.87 percent, to close at 5,872.34. South Korean stocks closed sharply higher after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. (Yonhap)

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