Seoul shares surge over 8% on AI confidence, Iran-Israel ceasefire; won sharply up

South Korean stocks soared by more than 8 percent Tuesday, sharply rebounding from the over 8 percent plunge the previous session, to reclaim the 8,000-point threshold, as risk-on sentiment prevailed amid a ceasefire between Israel and Iran and confidence over the artificial intelligence boom.

The local currency sharply rose against the US dollar.

The benchmark Korea Composite Stock Price Index added 612.52 points, or 8.18 percent, to close at 8,096.93, after rising as high as 8,119.09.

The Kosp ...