Yonhap Infomax NewsSouth Korean stocks surged 6.87% as U.S.-Iran ceasefire agreement triggered sector rotation, with construction and brokerage stocks rallying on reconstruction hopes while refiners and defense stocks declined sharply on falling oil prices and easing geopolitical tensions.
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Construction and Brokerages Rally, Refiners Slump as Ceasefire Sparks Sector Divergence
South Korean stocks surged 6.87% as U.S.-Iran ceasefire agreement triggered sector rotation, with construction and brokerage stocks rallying on reconstruction hopes while refiners and defense stocks declined sharply on falling oil prices and easing geopolitical tensions.