South Korean Markets React Positively to Hopes for Strait of Hormuz Reopening
South Korean stocks and currency both strengthened Friday, rebounding from previous declines, as investors expressed guarded hopes for the reopening of the Strait of Hormuz amidst ongoing Middle East conflict.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
Asia-Pacific markets rise in Easter trade on hopes for Hormuz reopening
South Korea's Kospi led gains in the region while Japan's Nikkei 225 also opened higher. The Australian and Hong Kong markets were closed for the Easter weekend.
Read full article →S. Korean currency rises amid hopes for Strait of Hormuz reopening
The South Korean won strengthened against the US dollar Friday, rebounding from a steep decline in the previous session, as talks on reopening the Strait of Hormuz showed signs of progress amid a prolonged conflict in the Middle East. The won opened at 1,510.8 per dollar, up 8.9 won from the previous session. Investors remained jittery about escalating tensions in the Middle East after US President Donald Trump said during a prime-time address on Wednesday that the United States would hit Iran "
By The Korea Herald
Read full article →