South Korean stocks rose nearly 3 percent Tuesday to inch toward the 6,000-point mark on hopes for renewed negotiations between Washington and Tehran. The local currency sharply gained against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) added 159.13 points, or 2.74 percent, to close at 5,967.75, after reaching as high as 6,026,52.
The index swerved over and under the 6,000-point mark, marking the first such move since March 3, when the index traded at 6,180.45, the first trading day after the United States and Israel carried out air strikes on Iran on Feb. 28.
Trading volume was moderate at 881.9 billion shares worth 26.7 trillion won (US$18 billion), with gainers beating losers 669 to 197.
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