The benchmark KOSPI rose more than 4% to around 7,620 on Friday, extending gains from the previous session as chipmakers tracked an overnight rally in global semiconductor stocks. Tech shares led the advance, with Samsung Electronics climbing almost 4.0%, while Samsung Electro-Mechanics advanced over 9.0%. Other notable performers included SK hynix (1.1%), SK Square (5.2%), Hyundai Motor (3.3%), LG Energy Solution (4.3%), Kia Corporation (2.1%), KB Financial Group (7.2%), and Doosan Enerbility (7.9%). Investor confidence was also supported by easing oil prices despite renewed US-Iran tensions, as reports that Iran sought negotiations helped ease concerns about prolonged supply disruptions and inflationary pressures. Additionally, President Lee Jae Myung and Mongolian President Ukhnaa Khurelsukh agreed to deepen cooperation in critical minerals, trade, and advanced technologies, reinforcing optimism over South Korea’s long-term supply chain security and high-tech industries.

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