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Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire | Yonhap News Agency
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Summary
OK SEOUL, April 8 (Yonhap) -- South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said. Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean actress IU Nobel chemistry laureate in Seoul prev Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire Next Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
## Summary
OK SEOUL, April 8 (Yonhap) -- South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said. Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean actress IU Nobel chemistry laureate in Seoul prev Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire Next Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
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SEOUL, April 8 (Yonhap) -- South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. The Korean won also sharply rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) added 377.56 points, or 6.87 percent, to 5,872.34, extending its gains to a fourth straight session.
Shortly after the opening bell, the bourse operator activated a buy-side sidecar, temporarily halting program-driven buy orders in KOSPI futures earlier in the session.
U.S. President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate."
Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations."
Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel.
"South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
Analysts, however, said uncertainties may linger as Israel remains silent on the issue.
"(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel."
Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap)
colin@yna.co.kr
(END)
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Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
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Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
---
## Expert Analysis
### Merits
- President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
### Areas for Consideration
- Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
### Implications
- President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
- Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
### Expert Commentary
This article covers korea, iran, korean topics. Notable strengths include discussion of korea. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 534.
OK SEOUL, April 8 (Yonhap) -- South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said. Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean actress IU Nobel chemistry laureate in Seoul prev Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire Next Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
## Article Content
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OK
SEOUL, April 8 (Yonhap) -- South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz, leading to a steep decline in global crude prices. The Korean won also sharply rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) added 377.56 points, or 6.87 percent, to 5,872.34, extending its gains to a fourth straight session.
Shortly after the opening bell, the bourse operator activated a buy-side sidecar, temporarily halting program-driven buy orders in KOSPI futures earlier in the session.
U.S. President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate."
Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations."
Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel.
"South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
Analysts, however, said uncertainties may linger as Israel remains silent on the issue.
"(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel."
Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap)
colin@yna.co.kr
(END)
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#stocks
#summary
Articles with issue keywords
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(LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop
BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP
'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho
Lee voices hope for peace in Easter message
(2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it
Most Saved
'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho
(3rd LD) Lee says S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Defense chiefs of S. Korea, France discuss security, arms cooperation
(5th LD) S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Lee voices hope for peace in Easter message
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S. Korea mulling transfer of 1 KF-21 prototype to Indonesia
N. Korea launched projectile Tuesday: JCS
(3rd LD) N. Korea fires short-range ballistic missiles in back-to-back launch
(LEA) N. Korean official says Kim Yo-jong's statement on S. Korea is 'clear warning'
N. Korea fires unidentified projectile toward East Sea: JCS
Most Viewed More
Most Viewed Photos
N. Korea's workshop of secretaries of local party committees
S. Korean actor Ji Chang-wook
S. Korean actress IU
Nobel chemistry laureate in Seoul
prev
Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
Next
Seoul stocks jump nearly 7 pct as U.S., Iran agree on 2-week ceasefire
---
## Expert Analysis
### Merits
- President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
### Areas for Consideration
- Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
### Implications
- President Donald Trump announced that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate." Iran's foreign ministry also released a statement noting "safe passage" through the crucial waterway will be "possible via coordination with Iran's Armed Forces and with due consideration of technical limitations." Following the announcement, global crude prices, including West Texas Intermediate (WTI), fell below US$100 per barrel. "South Korea has been facing an all-out fallout from geopolitical risks, including a rise in global crude prices, and the turnaround could be equally strong," Lee Kyoung-min, a researcher at Daishin Securities, said.
- Analysts, however, said uncertainties may linger as Israel remains silent on the issue. "(Israel) has not yet responded on whether it would stop attacks on Iran if the U.S. and Iran reach a ceasefire," Seo Sang-young, an analyst at Mirae Asset Securities, said. "This may lead to an escalation of tensions led by Israel." Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Keywords #stocks #summary Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
### Expert Commentary
This article covers korea, iran, korean topics. Notable strengths include discussion of korea. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 534.
korea
iran
korean
seoul
ceasefire
stocks
week
lee
Original Source
https://en.yna.co.kr/view/AEN20260408007200320