Seoul Shares Surge to New High on US-Iran Deal Optimism
Seoul shares have surged to a new high, trading over 8,000, driven by optimism surrounding a potential US-Iran deal and the reopening of the Strait of Hormuz.
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Seoul shares surge to new high of over 8,000 on optimism for US-Iran deal
South Korean stocks pulled off a new record high over the 8,000-point level Tuesday driven by optimism for a possible US-Iran peace agreement that would open the Strait of Hormuz. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 199.8 points, or 2.55 percent, to close at a record 8,047.51, extending its winning streak for the third consecutive session. It is the first time that the Kospi has closed over the 8,000-point level, following its bre
By The Korea Herald
Read full article →Seoul shares trade over 8,000 on optimism for U.S.-Iran deal, Hormuz reopening - Yonhap News Agency
Seoul shares trade over 8,000 on optimism for U.S.-Iran deal, Hormuz reopening Yonhap News Agency
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