(LEAD) Seoul shares open sharply higher on 2-week ceasefire in U.S.-Iran war | Yonhap News Agency

## Summary
OK (ATTN: RECASTS headline, lead; ADDS details throughout, photos) SEOUL, April 8 (Yonhap) -- South Korean stocks opened sharply higher Wednesday as Iran said that it would guarantee safe passage through the Strait of Hormuz during a two-week ceasefire period. President Donald Trump said in a social media post that the U.S. would suspend attacks on Iran for two weeks if Tehran agrees to the "complete, immediate and safe opening" of the crucial Strait of Hormuz. An official works at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Related Articles Trump agrees to suspend bombing of Iran for 2 weeks, 'subject' to Hormuz Strait reopening Keywords #stocks #open Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S. Korean actress IU Nobel chemistry laureate in Seoul prev (LEAD) Seoul shares open sharply higher on 2-week ceasefire in U.S.-Iran war Next (LEAD) Seoul shares open sharply higher on 2-week ceasefire in U.S.-Iran war

## Article Content
Facebook
X
More
Pinterest
Linked in
Tumblr
Reddit
Facebook Messenger
Copy URL
URL is copied.
OK
(ATTN: RECASTS headline, lead; ADDS details throughout, photos)
SEOUL, April 8 (Yonhap) -- South Korean stocks opened sharply higher Wednesday as Iran said that it would guarantee safe passage through the Strait of Hormuz during a two-week ceasefire period.
Opening at 5.64 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 331.13 points, or 6.03 percent, to 5,825.91 as of 9:20 a.m.
Following the surge, the Korea Exchange (KRX) activated a buy-side sidecar, temporarily halting program-driven buy orders in KOSPI futures.
Officials work at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap)
U.S. President Donald Trump said in a social media post that the U.S. would suspend attacks on Iran for two weeks if Tehran agrees to the "complete, immediate and safe opening" of the crucial Strait of Hormuz.
Trump added that the U.S. has received a 10-point proposal from Iran, which he considers a "workable basis on which to negotiate."
Iran's foreign ministry also released a statement accepting the two-week ceasefire proposal.
Trump previously urged Iran to open the crucial waterway by 8:00 p.m. Tuesday (U.S. time), warning the U.S. would otherwise strike Iran's power plants and bridges.
Top market cap Samsung Electronics shot up 7.12 percent, and SK hynix jumped 9.72 percent.
Financial firms also opened higher, with KB Financial advancing 7.77 percent and Samsung Life Insurance adding 6.98 percent.
Hyundai Motor increased 4.65 percent, and Kia gained 4.64 percent.
Battery makers were mixed, with LG Energy Solution falling 0.24 percent, while Samsung SDI added 1.97 percent.
The local currency was trading at 1,477.2 won against the greenback at 9:20 a.m., sharply up 27 won from the previous session.
An official works at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap)
colin@yna.co.kr
(END)
Related Articles
Trump agrees to suspend bombing of Iran for 2 weeks, 'subject' to Hormuz Strait reopening
Keywords
#stocks
#open
Articles with issue keywords
Most Liked
Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel
(LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop
BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP
Lee voices hope for peace in Easter message
(2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it
Most Saved
Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel
(3rd LD) Lee says S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Defense chiefs of S. Korea, France discuss security, arms cooperation
(5th LD) S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Lee voices hope for peace in Easter message
Most Viewed
All Categories
S. Korea mulling transfer of 1 KF-21 prototype to Indonesia
(LEAD) Top presidential aide to visit Kazakhstan, Oman, Saudi Arabia to discuss securing crude oil, naphtha
(LEA) N. Korean official says Kim Yo-jong's statement on S. Korea is 'clear warning'
N. Korea launched projectile Tuesday: JCS
(LEAD) Kim Yo-jong says N. Korean leader calls Lee 'frank, broad-minded' for his regret over drone incident
Most Viewed More
Most Viewed Photos
N. Korea's workshop of secretaries of local party committees
S. Korean actor Ji Chang-wook
S. Korean actress IU
Nobel chemistry laureate in Seoul
prev
(LEAD) Seoul shares open sharply higher on 2-week ceasefire in U.S.-Iran war
Next
(LEAD) Seoul shares open sharply higher on 2-week ceasefire in U.S.-Iran war

---

## Expert Analysis

### Merits
N/A

### Areas for Consideration
- An official works at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Related Articles Trump agrees to suspend bombing of Iran for 2 weeks, 'subject' to Hormuz Strait reopening Keywords #stocks #open Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S.

### Implications
- OK (ATTN: RECASTS headline, lead; ADDS details throughout, photos) SEOUL, April 8 (Yonhap) -- South Korean stocks opened sharply higher Wednesday as Iran said that it would guarantee safe passage through the Strait of Hormuz during a two-week ceasefire period.
- An official works at a dealing room of Hana Bank in central Seoul on April 8, 2026. (Yonhap) colin@yna.co.kr (END) Related Articles Trump agrees to suspend bombing of Iran for 2 weeks, 'subject' to Hormuz Strait reopening Keywords #stocks #open Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S.
- Korea mulling transfer of 1 KF-21 prototype to Indonesia (LEAD) Top presidential aide to visit Kazakhstan, Oman, Saudi Arabia to discuss securing crude oil, naphtha (LEA) N.
- Korea launched projectile Tuesday: JCS (LEAD) Kim Yo-jong says N.

### Expert Commentary
This article covers iran, percent, korea topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 582.