South Korea's KOSPI soared 2.6%, hitting a 10-month high!

On Wednesday (4th), Asian markets rose across the board. South Korea's KOSPI index rose 2.6%, leading the Asia-Pacific market to a 10-month high, with a cumulative increase of more than 16% this year. Taiwan's weighted index rose more than 2%, Nikkei 225 rose more than 1%, and the three major Hong Kong stock indexes rose.

Shawn Oh, a stock trader at NH Investment & Securities, said, "Everything today will revolve around the new president Lee Jae-myung," Lee Jae-myung said during the campaign that his target for the Kospi index is 5,000 points, but he did not specify a timetable. This goal highlights his emphasis on the stock market, and he also promised to increase the valuation of local stocks and end the "Korea discount" phenomenon.

On the other hand, South Korea sold 30-year government bonds at a yield of 2.790%, and the yield on South Korea's 30-year government bonds soared 5.5%.