South Korea’s KOSPI extends gain to 3%

A 3% single-day move on the KOSPI is notable less for the headline number than for what it says about how quickly sentiment can shift in a market that often trades at a discount to global peers. The absence of any stated driver is itself the story: broad, sector-agnostic rallies of this size tend to reflect macro or flow factors rather than company fundamentals, which makes the move harder to sustain. Whether the gain holds into the next session, and whether any detail on foreign or institutional participation emerges, is the open question.