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Stock traders on Seoul's exchange floor look concerned at falling KOSPI amid U.S.-Iran peace talk uncertainties.
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Seoul shares start lower amid U.S.-Iran peace talks uncertainties

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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.

The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.

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The Kenyan shilling stayed steady against the dollar this week even as the U.S. currency weakened for a second straight week. The local unit closed at Ksh129.19, unchanged from April 30.

Finance Minister Koo Yun-cheol said on Friday in Washington that the Korean won has stabilized against the U.S. dollar at around 1,460 won per dollar following Iran's reopening of the Strait of Hormuz. He expressed hopes that the won will appreciate in line with market expectations. Koo was in the U.S. capital for G20 finance ministers and central bank governors meetings.

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The South Korean won strengthened further against the U.S. dollar after U.S. President Donald Trump hinted at resuming peace talks with Iran. It closed at 1,474.2 per dollar on April 15, up 7 won and marking a second consecutive session of gains.

Seoul stocks plunged 4.47% on U.S. President Donald Trump's renewed threats against Iran, closing the benchmark KOSPI at 5,234.05 after a 244.65-point drop. The Korean won weakened to 1,519.7 against the dollar. Hopes for a swift end to the monthlong Middle East war faded, driving global oil prices higher.

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Den indiska rupien försvagades med 9,88 procent mot den amerikanska dollarn under budgetåret 2026, vilket gör den till Asiens svagaste valuta i spåren av rekordstora utflöden av utländskt kapital och stigande oljepriser. Reserve Bank of India intervenerade för att stabilisera valutan, medan inhemska fonder erbjöd en rekordstor krockkudde mot kapitalflykten. Aktieindex som Nifty och Sensex noterade sin sämsta resultatutveckling sedan budgetåret 2020.

 

 

 

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