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The KOSPI rose more than 8% in one day, supported by reports of an initial agreement between Samsung Electronics and its workers’ union.

As reported by the Korea Exchange on the 21st, the KOSPI ended at 7,815.59, rising 8.42% compared to the previous day. This increase was due to the influence of the preliminary wage negotiation agreement between Samsung Electronics’ management and its labor union for 2026. The KOSPI started at 7,486, an increase of 3.85%. At 9:24 a.m., the KOSPI200 futures price surged more than 5%, causing a buy-side circuit breaker that paused program trading on the KOSPI for five minutes.

Samsung Electronics increased by 8.51% to end at 299,500 Korean won, approaching the symbolic “300,000-won threshold.” SK Hynix closed at 1,944,000 Korean won, rising 11.17%.

The robust performance of the South Korean stock market was also fueled by hopes for a ceasefire discussion between the U.S. and Iran. On the 20th, U.S. President Donald Trump addressed reporters, stating, “We are in the final stages regarding Iran,” which led to a drop in U.S. Treasury bond yields, which had previously risen to levels observed during a financial crisis. International oil prices also fell by more than 5%. With investor confidence returning, the U.S. S&P 500 ended the day with a gain of 1.08%. The Dow Jones and Nasdaq also increased by 1.31% and 1.55%, respectively.

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