South Korean assets experienced a significant boost following President Donald Trump's announcement of a two-week ceasefire with Iran, which alleviated fears of prolonged disruptions to global energy supplies. The benchmark Kospi index surged by 6.2%, marking its fourth consecutive day of gains, while major companies like Samsung Electronics Co. and SK Hynix Inc. each saw stock increases exceeding 9%. The South Korean won also appreciated by 1.9% against the US dollar, reaching its highest level since March 11. Additionally, the nation’s 10-year bond futures climbed significantly, reflecting easing inflation pressures due to lower oil prices. Analysts note that this market movement indicates a transition from a phase dominated by war risks to one of normalization, driven by a combination of geopolitical stability and positive earnings surprises. However, concerns remain about ongoing tensions and the underlying factors that have led to higher energy prices, which could continue to affect the market.