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2026-04-08 09:43:02
[Japanese and South Korean Stocks Surge; Analysts: Ceasefire "Unexpected" but Boosts Sentiment] 1. Following the two-week ceasefire agreement reached between the US and Iran, Japanese and South Korean stock markets opened sharply higher. As of press time, the Nikkei index rose 4.7% to a one-month high, the Korea Composite Stock Price Index (KOSPI) rose 6% to a more than two-week high, and the Australian S&P/ASX 200 once rose 3% to a one-month high. 2. In the South Korean stock market, memory chip giants led the gains: SK Hynix shares surged nearly 10%, and Samsung Electronics jumped over 6%, becoming the core driver of the index rebound. Mitsubishi UFJ Financial Group rose 2.85%, contributing the most to the Topix index. 3. The chief market strategist at Sumitomo Mitsui DS Asset Management said that Trump's inclusion of reopening the Strait of Hormuz as a condition for the ceasefire was "unexpected," and although the ceasefire is only for two weeks, it will boost investor sentiment. 4. Strategists at Daiwa Asset Management pointed out that the ceasefire has increased market expectations for substantial progress during the period, and market attention may return to cyclical sectors, artificial intelligence, and non-ferrous metals, which were previously sold off due to the conflict.
