Bargain Hunting

• The KOSPI index rebounded by over 2%, marking its first gain in three days as investors engaged in bargain hunting following a sharp short-term decline. • This recovery occurred despite overnight losses in the New York stock market, which were triggered by escalating geopolitical tensions between the United States and Iran. • The rebound is primarily attributed to a shift in sentiment among foreign investors who viewed the recent price drops as an opportunity to buy undervalued assets.

• The FTSE 100 Index surged 174.53 points (+1.67%) to close at 10,652.87 on Thursday, July 2, 2026. • The rebound was driven by a wave of bargain hunting and sector rotation, which significantly lifted sentiment across the London market. • This upward movement is highlighted by momentum indicators turning more constructive, signaling a potential shift in market trend.