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Illustration of KOSPI stock market high amid semiconductor gains and US-Iran concerns
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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.

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.

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Indian stock markets experienced a significant downturn on Friday. The decline was driven by geopolitical tensions between the US and Iran along with a weakening rupee.

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.

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The number of South Korean-listed companies with market capitalization over 1 trillion won surpassed 400 for the first time this year. This follows a stock market recovery before the Middle East conflict. The KOSPI hit a record high.

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.

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Seoul shares ended flat on Friday as investors bought defense and shipbuilding stocks to offset declines in major tech shares amid Middle East tensions. The benchmark KOSPI edged down 0.18 point to close at 6,475.63. The South Korean won fell against the U.S. dollar.

 

 

 

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