South Korea's Kospi Surges on Renewed US-Iran Ceasefire Hopes

The stage was set, the tension was building, and just when you thought it was all over, the Kospi index made a shocking comeback, blasting past the 6,000 mark with a 2.07 percent surge, leaving everyone wondering what's next. The South Korean benchmark index closed at 6,091.39, its highest level since the recent Middle East tensions sent the market into a frenzy from February 27. But little did anyone know, this was only the beginning.