South Korea considers increasing the budget to boost the stock market.

There are reports that if the Iran conflict results in a continued interruption of crude oil supply, South Korea may introduce a new round of additional budget in the second half of the year. Due to this news, the Kospi composite index strengthened in early trading. The South Korean composite index increased by 2%, Samsung Electronics rose by nearly 4%, and SK Hynix rose by over 2%. The Japanese stock market also rose, with Nasdaq futures turning slightly higher. However, against the backdrop of high and ongoing oil prices, the South Korean stock market has gradually formed a downward trend. As long as the Kospi index remains below the 5800 point mark, investors may maintain a pessimistic attitude towards it.