South Korean stocks were trading sharply higher on Thursday as the US administration's temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the US dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) had rallied 126.94 points, or 5.53 percent, to 2,420.64 as of 11:20 a.m., sharply rebounding from the 17-month low the previous day, reports news agency.
With the steep gain, the bourse operator issued a sidecar order at 9:06 a.m., halting program purchasing for five minutes, after the KOSPI 200 futures soared 5 percent for more than one minute.
Overnight, Wall Street posted one of the best days since the global financial crisis in 2008, with the S&P 500 surging 9.5 percent, the Dow Jones Industrial Average soaring 7.87 percent and the tech-heavy Nasdaq composite skyrocketing 12.16 percent.