 |
| ▲ This AP photo shows a fishing pier in the port of Qeshm island, Iran, on April 13, 2026. (Yonhap) |
stocks-summary
Seoul shares rise for 3rd day on eased Mideast tensions; won gains
SEOUL, April 16 (Yonhap) -- South Korean stocks rose for the third consecutive session Thursday, closing above the 6,200-point mark for the first time since the outbreak of the U.S.-Iran war amid hopes for a second round of their peace talks. The local currency gained against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 134.66 points, or 2.21 percent, to finish at 6,226.05.
It is the first time that the KOSPI has closed over the 6,200 level since Feb. 27, when the index stood at 6,244.13, a day before the United States and Israel conducted air strikes on Iran.
The KOSPI's all-time closing high stands at 6,307.27 set on Feb. 26.
Market sentiment ran a bit high that the conflict in the Middle East may be nearing an end and that the Strait of Hormuz could reopen.
U.S. President Donald Trump said in an interview with Fox News released Wednesday (U.S. time) that the U.S.-Israeli war against Iran is "very close to over," while the White House said further talks "would very likely" take place in the Pakistani capital.
A Pakistani delegation arrived in Tehran to help arrange another round of negotiations between the United States and Iran.
(END)
(C) Yonhap News Agency. All Rights Reserved
