KOSPI Surges 12% After Record Low, Eyes Best Session Ever

• South Korea's KOSPI index soared 12% on March 5, recovering all losses from its worst day on record.
• The smallcap KOSDAQ also jumped 11%, reversing declines caused by the US-Iran war and oil price surges.
• Heavy stock concentration, with Samsung Electronics and SK Hynix making up 50% of KOSPI, was a major reason for the previous fall.
• Other Asian indices like Nikkei 225 (up 4%) and Hong Kong futures also rebounded due to improved Wall Street sentiment and easing oil concerns.
• Brent Crude trades below $84, and the US Dollar index cooled below 99, aiding market recovery.