The KOSPI is going through a healthy cycle; the recent pullback, although sizeable, is a constructive rebuild that exposes over-leveraged trades. More policy protections are being built in, which underpins a positive longer-term outlook for the Korean index.
Gold is finding a floor around $3,900–$4,000 as central bank buying is returning after a brief slowdown. This long-term buying interest protects gold prices from larger declines.
Oil will stay elevated above $90 per barrel for weeks and months because the current price reflects a reasonable war premium for the 30% global oil supply bottleneck at the Strait of Hormuz, and the market will need a very clear, meaningful, and sustainable resolution of the supply disruption before oil retreats below $80.