South Korean shares rise more than 5% as US, Iran reach preliminary agreement

Samsung Electronics Co

15/06/2026 07:51

KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield falls
For the midday report, please click nL1N42N01F

    SEOUL, June 15 (Reuters) - Round-up of South Korean financial markets:
     
** South Korean shares rose more than 5% on Monday after the United States and Iran reached a preliminary deal to end their war.
** The benchmark KOSPI .KS11 closed up 422.36 points, or 5.20%, at 8,545.98.
** During the session, the index triggered a "sidecar" trading curb.
** U.S. and Iranian officials said on Sunday they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear programme to further negotiations.    
** "The market firmed on the U.S.-Iran deal, which also reduced uncertainty over the Federal Reserve's policy meeting this month," said Kim Joon-young, an analyst at iM Securities.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 4.50%, while peer SK Hynix 000660.KS gained 6.42%. Battery maker LG Energy Solution 373220.KS climbed 5.13%.
** Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were up 6.59% and up 0.42%, respectively. Steelmaker POSCO Holdings 005490.KS added 4.77%, while drugmaker Samsung BioLogics 207940.KS rose 2.86%.
** Of the 918 issues traded, 676 shares advanced, while 207 declined.
** Foreigners were net buyers of shares worth 982.4 billion won ($649.74 million).
** The won was quoted at 1,511.1 per dollar on the onshore settlement platform KRW=KFTC, 0.48% higher than its previous close at 1,518.3.
** In money and debt markets, June futures on three-year treasury bonds KTBc1 gained 0.18 point to 103.54.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 7.3 basis points to 3.747%, while the benchmark 10-year yield KR10YT=RR fell by 8.6 basis points to 4.115%.
     
($1 = 1,512.0000 won)

(Reporting by Jihoon Lee; Editing by Rashmi Aich)
((jihoon.lee@thomsonreuters.com;))