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Seoul stock traders reacting to falling KOSPI amid U.S.-Iran negotiations uncertainty
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Seoul stocks open lower on Iran talks uncertainty

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Seoul stocks opened lower on Monday amid uncertainty over U.S.-Iran peace negotiations. The KOSPI index fell 124.2 points in early trading.

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels.

Reported by AI

Gold prices remained unchanged as progress in U.S.-Iran peace talks provided some regional stability. Rising expectations for a December Federal Reserve interest rate hike weighed on the metal. Traders increased bets on the rate increase.

Asian stock markets advanced amid optimism over a potential Middle East peace agreement. Oil prices dropped to two-month lows, easing concerns about inflation. Investor attention also turned to the anticipated SpaceX initial public offering.

Reported by AI

The Ibovespa rose 1.71% on Thursday, June 11, driven by statements from President Donald Trump about a possible agreement with Iran. The dollar fell more than 1% and closed at 5.09 reais.

Bitcoin dropped below $73,000 on Thursday, reaching a six-week low, as renewed US military strikes on Iran escalated geopolitical risks and triggered heavy selling across crypto markets. Spot Bitcoin ETFs saw sharp outflows, with BlackRock's IBIT alone shedding $528 million in a single day. The move coincided with nearly $1 billion in liquidations across derivatives platforms.

Reported by AI

Asian equities pulled back from record highs amid mixed signals on US-Iran talks. Crude oil prices climbed with ongoing disruption in the Strait of Hormuz. The dollar rose while Treasuries fell as market sentiment weakened.

 

 

 

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