Korean stocks opened sharply higher on Friday following reports that the United States and Iran reached an agreement to extend the current cease-fire.
An electronic display board shows the Kospi in Hana Bank's trading room in Jung District, central Seoul, on May 29. [YONHAP]
Korean stocks opened sharply higher on Friday following reports that the United States and Iran reached an agreement to extend the current cease-fire.
The benchmark Kospi added 217 points, or 2.65 percent, to reach 8,402.29 in the first 15 minutes of trading.
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The index fell 0.53 percent on Thursday after closing over the 8,200-point level two days prior.
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