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Seoul shares open lower amid Iran ceasefire uncertainty
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South Korean stocks opened lower on Monday amid renewed uncertainty over the U.S.-Iran ceasefire and rising oil prices.
Hussein Eissa, Deputy Prime Minister for Economic Affairs, rang the opening bell at the Egyptian Exchange on Sunday to mark the temporary listing of four state-owned companies.
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The KOSPI fell 5.81 percent on June 26 as investors took profits following recent AI-driven gains, closing at 8,411.21.
Seoul stocks opened slightly lower on Tuesday, tracking overnight losses in US tech shares. The KOSPI fell 0.34 percent to 9,083.54 at the opening bell.
Ti AI ṣe iroyin
Seoul stocks opened lower on Monday amid uncertainty over U.S.-Iran peace negotiations. The KOSPI index fell 124.2 points in early trading.
Motilal Oswal Financial Services has started coverage of online travel companies Le Travenues Technology (Ixigo) and Yatra Online with buy ratings. The brokerage also reiterated its buy recommendation on TBO Tek.
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South Korea's bourse operator activated a buy-side sidecar for the KOSPI on Monday after the index spiked on news of a U.S.-Iran peace deal.
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