Seoul Stocks Rally Ahead of Samsung Profit Forecast Amid Iran Tensions
South Korean markets surged as investors anticipated a strong earnings forecast from Samsung Electronics, despite geopolitical tremors from the Middle East. The KOSPI jumped 1.36%, closing at 5,450.33, buoyed by optimism in tech shares, with Samsung Electronics climbing 3.71%. Sources suggest Samsung’s preliminary first-quarter operating profit, due Tuesday, may hit a record-breaking 40 trillion won. Global tensions loomed, however, as the U.S. issued a fresh ultimatum to Iran over the Strait of