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KOSPI Surges 2%: What’s Driving the Gains Amid U.S.-Iran Ceasefire Hopes?

EconomyKOSPI Surges 2%: What’s Driving the Gains Amid U.S.-Iran Ceasefire Hopes?
2 min.
By Won Yeong Song
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, is showing an upward trend, hovering around the 5,890 mark 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, is showing an upward trend, hovering around the 5,890 mark 2026.4.10 / News1
On Friday morning, the KOSPI index and the won-dollar exchange rate are displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul 2026.4.10 / News1
On Friday morning, the KOSPI index and the won-dollar exchange rate are displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday, stock indices are displayed on the electronic board in the trading room at Hana Bank’s headquarters in Jung-gu, Seoul. On this day, the KOSPI opened at 5,876.12, up 98.11 points (1.70%) from the previous session, while the KRW-USD exchange rate is trending downward 2026.4.10 / News1
On Friday, stock indices are displayed on the electronic board in the trading room at Hana Bank’s headquarters in Jung-gu, Seoul. On this day, the KOSPI opened at 5,876.12, up 98.11 points (1.70%) from the previous session, while the KRW-USD exchange rate is trending downward 2026.4.10 / News1

The KOSPI surged nearly 2% at the opening bell on Friday, buoyed by optimism surrounding the potential extension of the ceasefire between the U.S. and Iran.

According to the Korea Exchange, the KOSPI was trading at 5,891.80, marking a substantial increase of 1.97% (113.79 points) from the previous session.

The majority of blue-chip stocks are in positive territory. Semiconductor giants are leading the charge, with Samsung Electronics up 2.08%, SK Hynix climbing 3.11%, and Samsung Electronics Preferred shares gaining 1.67%.

The tech-heavy KOSDAQ is also rallying, trading at 1,087.81, a 1.10% (11.81 points) increase from the last trading day.

In Seoul’s forex market, the KRW-USD exchange rate opened at 1,475.1 KRW (about 1 USD), down 7.5 KRW (about 0.005 USD) from the previous close. This appreciation in the won reflects easing concerns over geopolitical tensions.

In overnight trading on the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for May delivery settled at 97.87 USD per barrel, surging 3.46 USD or 3.66% from the previous session.

On Friday morning, the KOSPI index is opening higher, hovering around the 5,800 mark, as shown on the electronic display in the Hana Bank trading room in Jung-gu, Seoul. 2026.4.10 / News1
On Friday morning, the KOSPI index is opening higher, hovering around the 5,800 mark, as shown on the electronic display in the Hana Bank trading room in Jung-gu, Seoul. 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday morning, the KOSPI index displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, opened higher at the 5,800 level. The KOSPI opened at 5,876.12, up 1.70% from the previous trading day’s closing price. The KOSDAQ index also opened at 1,089.14, up 1.22%, while the won/dollar exchange rate opened at 1,475.1 KRW, down 7.4 KRW 2026.4.10 / News1
On Friday, stock indices are displayed on the electronic board in the trading room at Hana Bank’s headquarters in Jung-gu, Seoul. On this day, the KOSPI opened at 5,876.12, up 98.11 points (1.70%) from the previous session, while the KRW-USD exchange rate is trending downward 2026.4.10 / News1
On Friday, stock indices are displayed on the electronic board in the trading room at Hana Bank’s headquarters in Jung-gu, Seoul. On this day, the KOSPI opened at 5,876.12, up 98.11 points (1.70%) from the previous session, while the KRW-USD exchange rate is trending downward 2026.4.10 / News1

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