Kospi Hits Record 8,094.90 as U.S.-Iran Talk Hopes Lift Risk Appetite
Updated
Updated · CNBC · May 26
Kospi Hits Record 8,094.90 as U.S.-Iran Talk Hopes Lift Risk Appetite
4 articles · Updated · CNBC · May 26
South Korea's Kospi climbed to a fresh all-time high of 8,094.90 on Tuesday, rebounding after a holiday as investors bet U.S.-Iran negotiations could ease regional tensions.
Donald Trump said talks with Iran were "proceeding nicely" but warned U.S. attacks could resume if diplomacy failed, underscoring how fragile the market optimism remains.
Oil reflected that split view: July WTI fell 5.37% to $91.41 a barrel while July Brent rose 1.75% to $97.82 after Trump's comments.
Asian markets were mixed around Seoul's rally, with the Kosdaq up 2.12%, Japan's Nikkei 225 down 0.18%, Australia's ASX 200 off 0.17%, and Hang Seng futures below Friday's close.
U.S. equity futures pointed higher after Monday's Memorial Day closure, even as CENTCOM reported new self-defense strikes on Iranian missile sites and mine-laying boats.
Did America's 'Epic Fury' operation backfire, creating a stronger Iranian resistance that forced the current peace talks?
With Iran's leadership divided, who truly holds the power to approve a final peace deal with the U.S.?