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Jubilant traders on Seoul's stock exchange floor celebrate KOSPI's sharp rise amid hopes for Middle East de-escalation.
Imagem gerada por IA

Seoul stocks open sharply higher on Mideast de-escalation hopes

Reportado por IA Imagem gerada por IA

South Korean stocks opened sharply higher on March 24 amid hopes of easing Middle East tensions, following U.S. President Donald Trump's announcement of talks with Iran and a five-day postponement of strikes. The KOSPI index rose 4.25% at open, reaching 5,602.08, up 3.63%, after 15 minutes of trading.

MANILA — Amid continued oil price hikes, traffic volume on EDSA fell by eight percent, the Metro Manila Development Authority said yesterday. The agency also exempted oil tankers and vehicles delivering basic commodities from truck bans and number coding schemes.

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Energy Secretary Sharon Garin said Filipinos will need to change lifestyles if global oil prices reach $200 per barrel, as the scenario no longer seems far-fetched three weeks into the Middle East war.

The Middle East conflict has driven oil prices beyond US$100 per barrel, positioning Angola and other African producers as key beneficiaries. A clause in Angola’s debt deal with Chinese lenders stipulates that when prices exceed US$60 per barrel, excess revenue goes into a reserve account for repayments. This opportunity allows Angola to replenish debt reserves and secure new loans for projects like the Lobito refinery.

Reportado por IA

South Korean stocks fell Friday morning after Iran's new leader vowed to maintain the blockade of the Strait of Hormuz, causing global crude prices to fluctuate around the $100 level. The KOSPI index dropped sharply at the open but trimmed losses later while staying in negative territory. Disruptions at the key Middle East waterway persist despite U.S. President Donald Trump's claim that the war is nearing an end.

As ações de empresas de gás e tintas na Índia subiram até 5% na terça-feira, após comentários do presidente dos EUA Donald Trump sugerindo um fim rápido do conflito com o Irã. As declarações levaram a uma forte queda nos preços do petróleo bruto, aliviando preocupações com o fornecimento e reduzindo os custos de insumos para esses setores. Essa reversão veio após tensões anteriores que causaram quedas nas ações e escassez em cidades indianas.

Reportado por IA

South Korean stocks rebounded more than 5% on Tuesday amid eased concerns over the U.S.-Iran conflict. U.S. President Donald Trump's remarks led to a sharp drop in global crude prices, spurring bargain hunting. The Korean won also strengthened significantly against the U.S. dollar.

 

 

 

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