South Korea Financial Markets
A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, March 31, 2026.
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U.S. stocks surged to their best day since last spring as doubt swung back to hope on Wall Street about a possible end to the war with Iran. The S&P 500 leaped 2.9% Tuesday for its largest gain since May. Just a day before, worries about the war had sent the main measure of Wall Street’s health more than 9% below its all-time high set early this year. The Dow Jones Industrial Average soared 1,125 points, or 2.5%, and the Nasdaq composite rallied 3.8%. Stocks strengthened after oil prices eased, which also sent yields lower in the bond market.
