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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 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.
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Indore police are investigating three abandoned bags found on Sanwer-Ujjain Road containing bundles of currency. Many packets were stuffed with fake notes and coloured papers.
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.
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South Korean stocks opened sharply higher Tuesday amid revived hopes for US-Iran peace talks after a US naval blockade of the Strait of Hormuz. The benchmark KOSPI surged 2.61% to 5,960 at open, while the won strengthened to 1,478.8 per dollar, up 10.5 won.
The Indian rupee depreciated by 9.88% against the US dollar in FY26, marking it as Asia's weakest currency amid record foreign investor outflows and surging oil prices. The Reserve Bank of India intervened to stabilize the currency, while domestic funds provided a record cushion against the exits. Equity indices like Nifty and Sensex recorded their worst fiscal performance since FY20.
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The Korean won opened at 1,519.9 per U.S. dollar in Seoul on Tuesday, hitting its weakest level in 17 years. Fears of global oil supply disruptions grew due to the escalating Middle East conflict. The KOSPI index also opened nearly 3 percent lower.
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