Overview
- President Donald Trump announced the preliminary agreement on social media and Tehran confirmed the deal, a development reported on Sunday that signaled a potential end to months of conflict.
- Seoul stocks jumped sharply on Monday with the KOSPI closing up about 5.2 percent to 8,545.98 as foreign investors turned net buyers after a 25-day selling streak.
- The South Korean won strengthened to roughly 1,511 won per dollar on Monday as foreigners bought a net 982.4 billion won of local shares and authorities held recent FX talks with U.S. counterparts.
- Logistics, airlines and major exporters led gains — with HMM, Korean Air, Samsung Electronics and SK hynix among winners — while the Korea Exchange briefly activated a 'sidecar' trading halt early in the session.
- Key implementation details remain unresolved: a formal signing is scheduled in Switzerland on Friday, the timing and verification of lifting the naval blockade and Hormuz reopening are unclear, and regional reactions could yet change market sentiment.