South Korea's KOSPI index is expected to bounce higher on Tuesday after plummeting 338 points, or 5.12 percent, to close at 6,257.45 on Monday. The decline was driven by losses in technology and energy stocks, though automobile producers provided some support. The rebound follows a strong session on Wall Street, where the Dow rallied 693.38 points, the NASDAQ surged 540.04 points, and the S&P 500 jumped 110.78 points, buoyed by a sharp drop in crude oil prices and renewed optimism for an end to the Middle East conflict. West Texas Intermediate crude for September delivery fell $4.77, or 5.63 percent, to $79.90 per barrel after U.S. President Donald Trump called off a planned attack on Iran. South Korea will release July consumer price data later today, following June figures that showed a 0.1 percent monthly rise and a 3.2 percent annual increase.