The South Korean stock market showed resilience on Monday, rebounding from a prior three-day decline with the KOSPI gaining 27.17 points, or 0.44%, to close at 6,219.09. Despite this uptick, the index is expected to open lower on Tuesday as global market sentiment dims, influenced by escalating tensions in the Middle East, particularly between the U.S. and Iran, which have raised concerns about oil supply disruptions.

Mixed performances characterized the trading day, with financial and technology stocks exhibiting volatility. Notably, Samsung SDI surged 12.43%, while major players like Samsung Electronics and Hyundai Motor faced declines. The overall market breadth was negative, with 533 decliners against 320 gainers, reflecting cautious investor sentiment amid geopolitical uncertainties.

Market professionals should monitor the potential impact of rising crude oil prices, which jumped over 6% following U.S. military actions in the Gulf, as this could affect inflation and consumer spending, further influencing stock performance across sectors.

Source: nasdaq.com