[Market Close] Hormuz Reopening Hopes Lift KOSPI 2.7%

South Korea's KOSPI index surged 2.74% to 5,377.30 on hopes the Strait of Hormuz could reopen as Iran and Oman discuss passage protocols, with foreign and institutional investors net buying 1.5 trillion won while large-cap tech stocks led gains amid revived risk appetite and bargain hunting.