A stock ticker at Hana Bank headquarters in central Seoul shows the won-dollar exchange rate, the benchmark KOSPI and kosdaq, Monday. Yonhap
Korean stocks opened lower Monday as investor sentiment remained cautious amid renewed uncertainty over the fragile U.S.-Iran ceasefire and rising oil prices.
After opening 0.91 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) further lost 177.54 points, or 2.11 percent, to 8,244.67 as of 9:15 a.m.
Oil prices climbed after the U.S. and Iran exchanged fresh strikes over the weekend, raising renewed concerns over energy supplies and shipping traffic through the Strait of Hormuz.
The two sides agreed to halt recent hostilities in the Gulf and renew talks, according to reports.
