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Kospi opens at fresh high on chip rally amid us-iran woes
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South Korean stocks opened at a fresh record high on Monday, boosted by semiconductor gains even as concerns mounted over a potential breakdown in the US-Iran peace deal.
Nintendo's share price dropped seven percent on Monday as investors reacted to ongoing production cost pressures and the absence of major game releases in 2026. The decline came despite a recent price increase for the Switch 2 console.
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India's benchmark Nifty index continues to trade in a narrow range amid mixed analyst signals. A bullish market structure remains in place even as resistance levels cap gains.
An analyst has named Aris Mining (NYSE:ARIS) as the top pick in the gold sector, projecting significant production growth and financial gains. The company aims to quadruple output by 2031, with EBITDA expected to triple by 2027 under high gold price assumptions. The stock carries a price target of $38 for 2027, suggesting over 100% upside.
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South Korean stocks opened at a fresh record high on Monday after U.S. President Donald Trump announced plans to free ships stranded in the Strait of Hormuz, amid Washington and Tehran exchanging peace talk proposals. The benchmark KOSPI surged 2.79% to 6,782.93 at the open. Eased Middle East tensions drove the rally.
Seoul's benchmark Kospi index briefly topped 6,700 points on Tuesday, hitting a new intraday record driven by large-cap tech shares. The gain came ahead of first-quarter earnings from US big tech firms such as Alphabet and Meta. As of 9:15 a.m., the Kospi stood at 6,656.05, up 41.02 points or 0.62 percent.
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Seoul stocks opened sharply higher on Monday, with the KOSPI index rising more than 1% and hitting a fresh intraday record, despite fading hopes for a US-Iran peace breakthrough over the weekend. US President Donald Trump canceled a planned trip by US negotiators to Pakistan, while Iran's Foreign Minister Abbas Araghchi headed to Russia.
Indian stock markets decline amid geopolitical tensions
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