KOSPI
Seoul stocks close slightly lower amid mixed signals on Iran war
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South Korean stocks closed slightly lower Friday amid mixed US signals on its war with Iran and eased chip sector concerns. The benchmark KOSPI fell 0.4 percent to 5,438.87, while the won weakened against the dollar.
The South Korean won weakened to 1,508.9 against the U.S. dollar by 3:30 p.m. Seoul time on March 27, down 1.9 won from the prior session and extending losses for a third day amid stalled U.S.-Iran talks over the Middle East crisis. The KOSPI fell further 0.4 percent to 5,438.87 as oil prices surged with the Strait of Hormuz closed.
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Seoul stocks opened lower on Thursday amid prospects for U.S.-Iran peace talks. The KOSPI fell 80.19 points, or 1.42 percent, to 5,562.02.
South Korea's benchmark KOSPI index briefly surpassed the historic 4,700-point milestone on January 14, fueled by a tech rally, before edging lower. It reached an intraday high of 4,715.75 points early in the session but fell to 4,680.04 by late morning amid weakness in battery and defense shares. The index has risen over 11 percent since the start of the year, extending its record bull run.
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South Korean stocks traded slightly lower on December 30, the final trading day of 2025, despite gains in big-cap tech shares. The KOSPI index fell 0.14 percent to 4,214.64 as of 11:20 a.m., as investors cashed in recent gains. This follows a strong close the previous day driven by a semiconductor rally.