As expectations for an end to the U.S.-Iran war spread, the domestic financial market, which had been deteriorating, also rebounded sharply on the ...
With the possibility of an end to the U.S.-Iran war sending the KOSPI up more than 5% and triggering a buy sidecar, the KOSPI index is shown in the Hana Bank dealing room in Jung-gu, Seoul, on the 1st.
2026.04.01. Reporter Jeong Hyo-jin As expectations for an end to the U.S.-Iran war spread, the domestic financial market, which had been deteriorating, also rebounded sharply on the 1st. The KOSPI, which had been pushed down to the 5,000 level the previous day, jumped more than 5% to top the 5,300 level, while the won-dollar exchange rate, which had exceeded 1,530 won, fell by about 22 won to below 1,510 won. On the day, the KOSPI opened at 5,330.04, up 277.58 points from the previous session. Samsung Electronics and SK Hynix, which had dragged the index lower recently amid foreign selling, surged more than 6% early in the session, lifting the market.In the Seoul foreign exchange market, the won-dollar rate also began trading at 1,508.5 per dollar, down 21.6 won from the previous session. Compared with the prior day high , that is a drop of about 30 won. On the 31st of last month , U.S. President Donald Trump said he could end the war with Iran within two to three weeks, and Iran also left open the possibility of talks to end the war, which significantly broadened end-of-war expectations in the market. The U.S. S&P 500 rose 2.91%, while the Philadelphia Semiconductor Index, which includes major chipmakers such as Micron and Nvidia, jumped 6.24%, marking its biggest one-day gain since May 12 last year. As the likelihood of a U.S. rate hike within the year receded, U.S. Treasury yields fell, gold strengthened, and the dollar and oil weakened.
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