Asian Stocks Rally Collectively, South Korean Index Jumps Nearly 3%

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AuthorBlock Tao

Mar 24, 2026 7:20 AM

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TradingKey - As Middle East tensions eased, Asian stock markets reversed losses, with South Korea's KOSPI index surging 2.74%.

On March 24 (GMT+8), Asian markets staged a broad rally, with South Korea's KOSPI index as the top performer, jumping 2.74% to close up 148.18 points at 5,553.93. The Nikkei 225 index rose 1.43%, adding 736.79 points to finish at 52,252.28.

kospi-2a37442b29a141b68282ac47ed56b5b1 South Korea KOSPI Index price chart, Source: Google

Chinese markets also reversed their losses as the three major indices rebounded collectively. The Shanghai Composite Index closed up 68 points, or 1.78%, at 3,881.28; the Shenzhen Component Index rose 191.05 points, or 1.43%, to 13,536.56; and the ChiNext Index gained 16.33 points, or 0.5%, to close at 3,251. As of press time, Hong Kong's Hang Seng Index had soared 641.41 points, or 2.62%, to 25,020.34.

Tensions in the Middle East escalated over the weekend, leading to a massive sell-off in Asian stocks at the start of the week, during which the KOSPI index briefly plunged more than 5% and triggered a circuit breaker. Currently, U.S. President Trump has signaled a de-escalation of the conflict, helping stocks rebound, though Middle East risks have not been completely eliminated.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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