South Korea's benchmark Kospi index closed higher on Tuesday, driven by a wave of bargain hunting in the technology sector that outweighed ongoing concerns over escalating tensions involving Iran.
Investors moved to buy into battered tech heavyweights, seizing on perceived value opportunities even as geopolitical risks persisted in the background.
The rally was broad-based within the technology segment, where shares had previously faced pressure from global supply chain anxieties and broader market volatility.
The shift in sentiment suggests that domestic investors are increasingly focused on valuation metrics rather than geopolitical headlines, at least in the short term.
This development follows a period of heightened uncertainty, with the Kospi having struggled to find footing amid fears of a wider regional conflict.
The ability of the index to close higher indicates a degree of resilience in the Korean market, as traders appear to be differentiating between immediate corporate fundamentals and longer-term geopolitical risks.