Korea's Kospi surges 7% as Iran deal hopes lift semiconductor stocks
South Korea's Kospi benchmark jumped 7% on Friday as geopolitical optimism around Iran negotiations boosted risk appetite, with semiconductor stocks including Samsung and SK Hynix leading gains.
The rally signals renewed appetite for memory and foundry capacity, as traders anticipate stable commodity prices and reduced supply-chain volatility. For enterprise infrastructure buyers, improved geopolitical stability could ease near-term procurement timelines for AI accelerators and HBM.