The Korea Times
Seoul shares continued to trade higher late Tuesday morning despite paring some of the earlier gains, as retail and foreign investors turned to net selling and caution grew ahead of a deadline set by U.S. President Donald Trump for a peace deal with Iran. The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 percent, to 5,493.3 as of 11:20 a.m. The index opened slightly higher after Samsung Electronics reported record first-quarter earnings. The tech giant estimated its operating profit for the January-March period jumped nearly ninefold to a record 57.2 trillion won (US$38 billion) from 6.61 trillion won a year earlier, driven by strong demand for artificial intelligence-related chips. Foreign and retail investors sold a net 66.11 billion won and 195.27 billion won worth of shares, respectively, offsetting net purchases of 131.67 billion won by institutional investors. On Monday (U.S. time), Trump expanded his warning to Iran to include potential strikes on all power plants and bridges, while extending the deadline for his ultimatum by one day to 8 p.m. Wednesd
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