South Korea stock market surged to a 45-month high, with positive global market forecast

From Nasdaq: 2025-06-24 19:03:00

The South Korea stock market surged on Tuesday, with the KOSPI hitting a 45-month high at 3,103.64 points. Financial, technology, and industrial stocks saw gains, while oil companies were down. The global market forecast is positive following a ceasefire between Israel and Iran, leading to gains in European and U.S. markets. Wall Street closed higher, with the Dow up 1.19%, NASDAQ up 1.43%, and S&P 500 up 1.11%. Federal Reserve Chair Powell stated interest rates will remain steady, while consumer confidence in the U.S. deteriorated unexpectedly in June. Trading remained optimistic about easing tensions in the Middle East despite ceasefire violations.



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