South Korea's KOSPI and KOSDAQ Surge Over 1.78% on AI Boom and MSCI Hopes

South Korea's stock market experienced significant gains today. The KOSPI and KOSDAQ indices surged by over 1.78%. This rise is attributed largely to the ongoing AI boom. Investors are also reacting to hopes for an MSCI upgrade. Geopolitical factors contributed to the positive sentiment. Reports of the Strait of Hormuz reopening provided a boost. This follows news of a potential US-Iran peace deal. Investors are advised to monitor these developments closely.