Kospi Stable After Military Deal Reached

The Kospi index breakaway weakening global stock markets supported a military agreement between South Korea and North Korea. After deliberating for three days, the two countries will put an end to tensions related military attack each other that occurred last week.

North Korea regretting a mine explosion that injured two South Korean soldiers. South Korea also will stop anti-Pyongyang propaganda broadcasts. Investor anxiety has now diminished, especially after North Korea had expressed undergoing a state of "semi" war.

Domestic positive sentiment helped the stocks of blue-chip Korean collect gains in early trading. Shares in Samsung Electronics rose 1.85% following a rise in automotive stocks of Hyundai Motor and Kia Motors respectively 5.2% and 6.3%. While the weakening crude oil prices make energy sector fluctuated in early trading. S-Oil and SK Innovation was opened down more than 2% now reduce losses and thin trading down about 0.4%.

Futures Kospi index opened up 0.7% at 8:53 pm and rose about 1% to 223.00.