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Seoul shares rise over 1 percent ahead of U.S.-Iran ceasefire talks
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Seoul shares closed higher by 1.4 percent on optimism over upcoming U.S.-Iran ceasefire negotiations following a two-week Middle East truce. The KOSPI ended at 5,858.87, extending weekly gains to nearly 9 percent despite lingering geopolitical concerns. Investor sentiment improved amid positive regional developments.
French and British defense ministers will co-chair a video conference meeting on Tuesday with other countries to discuss contributions to a mission securing the Strait of Hormuz. Iran warned of an immediate response to any military deployment.
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Germany's DAX index hit 24,260 points intraday on Thursday, its highest level in six weeks, closing at 24,154 points up 0.4 percent. Investors are optimistic amid hopes for an end to Middle East hostilities between Iran and the US. The S&P 500, Nikkei, and MSCI World also reached records.
President William Ruto has announced government measures to protect Kenyans from the impact of the Middle East conflict on fuel supplies. He highlighted a government-to-government fuel procurement deal cushioning price shocks and sufficient fertiliser stocks through September. He also pointed to growth in the tea sector and port activities.
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South Korean stocks opened sharply lower on Monday amid rising concerns over a broader Middle East conflict after Iran-backed Houthi militants in Yemen fired missiles at Israel. The benchmark KOSPI fell 240.94 points, or 4.43 percent, to 5,197.93 in the first 15 minutes of trading. Global oil prices climbed while U.S. troop deployments heightened fears.
US President Trump posted on Truth Social claiming Iran's navy, air force, missiles, drones and leaders decimated in a war less than two weeks old. The Financial Times reported the US expended years' worth of key munitions, including Tomahawk missiles. Trump stated the operation will last up to 5 weeks as Middle East death toll surpasses 500.
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Dumating noong Marso 14 ang mga labi ng overseas Filipino worker na si Mary Ann De Vera, na napatay sa misil na pag-atake sa Israel, at sinalubong ng kanyang pamilya at mga opisyal ng pamahalaan. Inaasikaso ng Department of Migrant Workers ang pagbabalik ng kanyang katawan upang magbigay ng agarang tulong sa mga kamag-anak. Nagpahayag din ng suporta ang gobyerno ng Israel sa pamilya.
South Korea's import prices post sharpest rise in 28 years amid Middle East crisis
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