South Korea's benchmark index jumped 3% amid a broader regional market rally, fueled by President Trump's announcement that he is backing off threats to strike Iranian energy infrastructure, citing ongoing negotiations. The move lifted investor sentiment across energy and defense sectors.
- South Korea's stock market rose 3%
- Trump backed off threat to strike Iranian energy infrastructure
- Reason cited: ongoing negotiations
- Market rallied on reduced geopolitical risk
- Energy and defense sectors benefited
- VIX (^VIX) and CL=F reflected reduced volatility and supply concerns
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