Kospi Hits Record 8,131.15, Closing Up 2.55% on U.S.-Iran Peace Talk Hopes
Updated
Updated · CNBC · May 26
Kospi Hits Record 8,131.15, Closing Up 2.55% on U.S.-Iran Peace Talk Hopes
4 articles · Updated · CNBC · May 26
South Korea’s Kospi climbed to an intraday record 8,131.15 on Tuesday and finished 2.55% higher at 8,047.51 as trading resumed after a holiday.
Trump’s comment that U.S.-Iran negotiations were “proceeding nicely” lifted risk appetite, even as he warned attacks could resume if talks failed.
Oil reflected that uncertainty: Brent rose 2.09% to $98.15 a barrel while WTI fell 5.13% to $91.64, with no U.S. settlement Monday because of the Memorial Day holiday.
U.S. Central Command still carried out self-defense strikes on Iranian missile launch sites and boats laying mines, underscoring how fragile the Washington-Tehran engagement remains.
Elsewhere in Asia, Japan’s Nikkei slipped 0.25% after topping 65,000 on Monday, while Hong Kong, mainland China and U.S. equity futures also edged higher.
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.?