Expectations of an end to the U.S.-Iran war are continuing, and South Korean stocks are rising for a second straight day. The KOSPI is up nearly 3 percent immediately after the open.

The KOSPI is trading at 6,141.48 as of 9:12 a.m. on Tuesday, up 173.73 points, or 2.91 percent, from the previous session. The index opened at 6,141.60, up 173.85 points, or 2.91 percent, and has extended gains.

By investor type, retail investors are net buyers of 412.8 billion won, supporting the rise. Foreigners are net sellers of 19.8 billion won, and institutions are net sellers of 417.6 billion won.

Most of the top stocks by market capitalisation are higher. SK Hynix is at 1,157,000 won, up 54,000 won, or 4.90 percent, and Samsung Electronics is trading at 214,000 won, up 7,500 won, or 3.63 percent.

SK Square, up 4.38 percent, Doosan Enerbility, up 4.31 percent, Hyundai Motor, up 3.56 percent, KB Financial Group, up 2.69 percent, Samsung Biologics, up 1.95 percent, and LG Energy Solution, up 1.88 percent, are also higher.

Hanwha Aerospace, however, is trading at 1,514,500 won, down 8,500 won, or 0.56 percent.

The Kosdaq is also up 15.44 points, or 1.38 percent, at 1,137.32.

In the Seoul foreign exchange market, the won is at 1,473.80 per dollar, down 0.30 won, or 0.02 percent, from the previous session.