South Korean stocks surged over 1.7% on Monday, buoyed by positive economic indicators that could lead to a US interest rate cut. The local currency also strengthened significantly against the US dollar. The Korea Composite Stock Price Index closed at 2,682.52, marking its second consecutive session in positive territory. Trade volume was robust at 768.6 million shares worth 13.8 trillion won, with gainers outnumbering losers 632 to 249. Foreigners and institutions drove the gains, while individuals offloaded a considerable amount. The rally coincided with encouraging data, including the US personal consumption expenditures price index meeting expectations and South Korea's sustained growth in exports. In terms of individual stocks, Samsung Electronics and SK hynix, major players in the mobile and memory chip market, experienced notable gains. Additionally, leading industry players such as Hyundai Motor, Kia, SK Innovation, and Samsung Heavy Industries saw strong performance. Meanwhile, SK, the holding company of SK Group, continued its winning streak following a significant court ruling, and entertainment company Hybe, associated with BTS, also saw a slight increase in its stock price. The local currency closed at 1,376.1 won against the US dollar, showing a notable uptick from the previous session. Bond prices also rose, leading to a decrease in yields for three-year Treasurys and the benchmark five-year government bonds.