Yesterday, the KOSPI index declined 1.61% to 5,778 points, with both U.S. and Japanese markets also weakening. The market fell on expectations of a U.S.-Iran ceasefire and profit-taking selling.

Following news of a two-week ceasefire agreement between the U.S. and Iran, U.S. stock indices surged over 2%, while oil prices plummeted 16%, falling below $100. Tensions remain high due to Israeli military strikes in Lebanon and the potential re-blockade of the Strait of Hormuz.

The U.S. is scheduled to announce the March consumer price index (CPI) tomorrow, with expectations that rising oil prices will be reflected. This could influence market sentiment domestically and internationally.

Stocks that surged yesterday, including Samsung Electronics, SK Hynix, and Hyundai Motor, fell around 3% each, retracing some gains as the market enters a correction phase. Meanwhile, the rotation in consumer staples sectors continues.

The Japanese Nikkei 225 declined by 0.73% yesterday, reflecting the persistent weakness in global markets. A broad downward trend continues across domestic and international stock markets.