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| ▲ This Reuters photo shows a vessel in the Strait of Hormuz, off the coast of Oman's Musandam Governorate, on April 12, 2026. (Yonhap) |
stocks-open
Seoul shares open sharply higher on revived hopes for U.S.-Iran peace talks
SEOUL, April 14 (Yonhap) -- South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street on revived hopes for peace talks after a U.S. blockade of the Strait of Hormuz.
The benchmark Korea Composite Stock Price Index (KOSPI) opened at 5,960, up 151.38 points, or 2.61 percent.
Overnight, U.S. President Donald Trump claimed that Iran had reached out to his administration on potential peace talks as the U.S. Navy began a naval blockade of the strait Monday.
U.S. stocks closed higher. The Dow Jones Industrial Average rose 0.63 percent, and the Nasdaq Composite gained 1.23 percent.
Over the weekend, the U.S. and Iran sat together for peace talks after agreeing to a two-week ceasefire but failed to iron out their differences on terms of the deal.
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