Financial Markets

Seoul stocks opened sharply lower on Friday as investors paused after a tech rally amid uncertainty over the U.S.-Iran peace deal.

June 04, 2026 Ti AI ṣe iroyin

The South Korean won weakened sharply to 1,529.7 won per dollar on June 4, its lowest intraday level since March 31, amid renewed U.S.-Iran airstrikes. The KOSPI closed down 1.84 percent at 8,639.41.

Oil prices are falling on hopes for an end to the war with Iran while the US stock market holds near its records. Brent crude dropped 3.2 percent to $97.98 per barrel.

May 06, 2026 Ti AI ṣe iroyin

South Korean stocks opened at a fresh record high on Thursday, driven by hopes for a US-Iran peace deal and continued gains in chipmakers.

Seoul shares soared more than 2 percent on April 15 to close above 6,000 for the first time since the U.S.-Iran conflict erupted in late February. The Korean won strengthened against the U.S. dollar. Hopes for U.S.-Iran peace talks and Wall Street gains drove the rally.

April 10, 2026 Ti AI ṣe iroyin

Seoul shares closed higher by 1.4 percent on optimism over upcoming U.S.-Iran ceasefire negotiations following a two-week Middle East truce. The KOSPI ended at 5,858.87, extending weekly gains to nearly 9 percent despite lingering geopolitical concerns. Investor sentiment improved amid positive regional developments.