KOSPI Surges 8.5% on Hopes of Middle East De-Escalation

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South Korea’s KOSPI jumped more than 8.5%, marking one of the strongest rallies in the benchmark index’s history. The surge added an estimated ₩620.5 trillion (about $425 billion) in market value as investors reacted to expectations that tensions in the Middle East could ease. Trading momentum was so strong that a buy-side sidecar mechanism was …