A screen at the dealing room of Hana Bank’s headquarters in Seoul shows the KOSPI and Kosdaq, Monday. Yonhap
Korean stocks opened at a fresh record high Monday as investor appetite for tech shares helped offset uncertainty surrounding negotiations between the United States and Iran over a peace agreement.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 120.03 points, or 1.42 percent, to 8,596.18 as of 9:15 a.m., continuing its upward momentum after opening at a fresh high.
The KOSPI closed at a record high of 8,476.15 on Friday.
Over the weekend, Washington and Tehran exchanged messages seeking revisions to a draft agreement aimed at extending the ceasefire and reopening the Strait of Hormuz, though it remained unclear whether the talks were making meaningful progress.
