Amid anticipation that the Iran war may conclude shortly, the three major US stock indices skyrocketed overnight (31st). Key stock markets in the Asia-Pacific region posted wild gains this morning (1st). The Korea Exchange activated the circuit breaker for KOSDAQ after the KOSDAQ 150 futures leaped 6%, pausing algorithmic trading for five minutes.Related News CLSA: US-Iran Temporary Ceasefire and Reopening of Strait of Hormuz; Recommend Re-adding Cyclical ExposureThe South Korean Kospi last jumped up 8%, standing at 5,457. The Samsung series of companies fared well collectively, with Samsung Electronics up 12.6%.SK Hynix mounted 9.9%, while SK Square, under the same series, rallied 7.2%.Related News Citi Expects SK Hynix (000660.KS) 1Q Operating Profit to Surge 4.26x YoY; TP Raised to KRW1.7MHyundai Motor swelled 9.8%, with its subsidiary Kia spiking 7.3%.
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