Per Kyunghyang Shinmun, the KOSPI broke 9,300 only a day after passing 9,000, lifted as the U.S.-Iran deal cut geopolitical risk and strengthened appetite for risk assets.

Behind the steep rally are foreign and institutional buying and strength in large tech stocks. Easing global risk and earnings hopes combined to push the index up sharply in a short span.

Yet a sharp surge tends to be followed by profit-taking and wider volatility. The closer the index runs to record highs, the more caution grows over a possible correction.

This paper conveys both the cheer and the risk. A rising market lifts asset values but moves with FX and rates, so diversification and timing matter for Chinese readers.