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Seoul stocks close slightly lower amid mixed signals on Iran war
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South Korean stocks closed slightly lower Friday amid mixed US signals on its war with Iran and eased chip sector concerns. The benchmark KOSPI fell 0.4 percent to 5,438.87, while the won weakened against the dollar.
Foreign institutional investors sold domestic equities worth Rs 1,13,810 crore in March 2026, continuing their selling amid the Iran-Israel war. Year-to-date outflows for the year have reached Rs 1,27,157 crore.
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South Korean stocks opened sharply lower on Friday amid heightened risk-off sentiment from renewed Middle East tensions. The KOSPI benchmark fell 3.74% to 5,256.46 in the first 20 minutes of trading. Uncertainty in U.S.-Iran negotiations fueled the decline.
Seoul stocks opened sharply lower on Monday amid renewed energy price concerns after Iran's warning on the Strait of Hormuz. The KOSPI fell 4.72% in the first 15 minutes. The drop comes amid escalating U.S.-Iran tensions.
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Indian stock markets closed higher on Friday, boosted by IT, auto, and metal sectors, though banking stocks capped the gains. Analysts, including Sudeep Shah, express caution due to the West Asian conflict, high oil prices, and ongoing FII outflows. Nifty and Bank Nifty face resistance levels, with pullbacks being sold.
Buying stocks on the Philippine Stock Exchange usually means paying another investor in a secondary trade, not the company directly. Companies receive public money only during initial public offerings or follow-on offerings. Trades influence share prices but do not directly fund corporate accounts.
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Insiders at ZIM Integrated Shipping (NYSE:ZIM), including the CEO, have sold large portions of their holdings below a $35 per share takeover offer from Hapag-Lloyd. The stock initially surged on the news but now shows technical weakness. Analysts cite political and regulatory hurdles as risks to the deal.
Seoul stocks open lower amid U.S.-Iran peace talks prospects
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