South Korean Stocks Jump as Lower Oil Prices Support Risk Taking

South Korean equities bounced back, as risk sentiment recovered after President Donald Trump signaled the Iran war may be ending soon.

The benchmark Kospi closed 5.4% higher, erasing much of the previous day’s 6% loss. Chip heavyweights Samsung Electronics Co. and SK Hynix Inc. jumped more than 8% each. The gains tracked rebounds in US peers as Trump’s comments sent oil prices lower, easing concerns over the impact on inflation.