FX.co ★ South Korean Shares Hold Firm Amid Middle East Tensions

The KOSPI benchmark index experienced a 0.5% uptick, reaching approximately 2,900 points, as it rebounded from a previous session's 0.9% decline. This movement comes amid prevailing investor caution due to escalating tensions in the Middle East, marked by heightened Israel-Iran conflict and significant military strikes. Despite the global uncertainty, attention turned towards South Korea’s Ministry of Economy and Finance. The ministry is finalizing a secondary supplementary budget totaling $14.6 billion, aimed at stimulating domestic consumption and fostering economic recovery. In the corporate sphere, SK Hynix saw a gain of 3.5% and HD Hyundai Heavy Industries rose by 1.9%. In contrast, Samsung Electronics and KB Financial Group faced declines of 2.2% and 0.5%, respectively.