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Illustration of KOSPI reaching record high above 7900 points with digital display and Seoul skyline.
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KOSPI opens at fresh record high above 7,900

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South Korean stocks opened at a fresh record high above 7,900 points on Tuesday, propelled by gains in major chipmakers. The KOSPI rose to 7,953.41 at the opening bell, marking the first time the index has crossed the 7,900 level.

A survey reveals 2,864 active processes at the National Mining Agency, with the highest concentration in Bahia.

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Oil prices climbed sharply after Donald Trump rejected Iran's peace plan, sending ripples through global markets. The rupee hit a record low and equities slumped in India amid the developments. This follows last week's US-Iran exchange of fire that shattered a fragile ceasefire.

Cuba's National Office of Statistics and Information (ONEI) reported 298,000 tourists arriving in January, February, and March 2026, a 48% drop from 573,300 in the same period of 2025. The energy crisis, worsened by geopolitical tensions, has severely impacted the sector. Airlines have suspended flights and internal transport faces major limitations.

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Barcelona's Círculo de Economía announced its 41st annual forums, set for June 1-3 at Palau de Congressos de Catalunya, will center on 'Europe's strategic autonomy: myth or reality?'. President Teresa García-Milà and director general Miquel Nadal presented the program on Tuesday, emphasizing challenges in defense, technology, energy, and health to lessen reliance on the US, Russia, and China.

South Korean stocks started slightly lower on Wednesday amid uncertainties over U.S.-Iran peace talks. The benchmark KOSPI fell 0.17 percent to 6,377.42 in the first 15 minutes of trading. Investor sentiment weakened with a two-week ceasefire nearing its end.

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The Iran-Israel/US conflict has halted maritime traffic through the Strait of Hormuz, a narrow waterway carrying one-fifth of global oil and LNG. Led by the United Arab Emirates and Saudi Arabia, Gulf countries are accelerating ports and pipelines to reduce reliance on this chokepoint. Experts say it will require years and significant investment.

 

 

 

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