The Korea Times
KOSPI briefly reclaimed the 6,000 mark during intraday trading Tuesday, supported by renewed optimism that the United States and Iran could eventually reach a deal, even as Washington moved to block the Strait of Hormuz. The Kosdaq and the Korean won also moved higher. The benchmark index opened at 5,960.00, up 151.38 points, or 2.61 percent, from the previous session, and climbed to 6,000.18 at around 10:12 a.m. It later pared gains to close at 5,967.75, up 159.13 points, or 2.74 percent. It marked the first time KOSPI had risen back above the 6,000 level during intraday trading since March 3, the first trading session following the outbreak of the U.S.-Iran conflict, when it touched an intraday high of 6,180.45. On that day, however, the index plunged 7.24 percent to finish at 5,791.91. The KOSPI had set a record by breaking above the 6,200 level for the first time on Feb. 26, but has since experienced heightened volatility amid uncertainty surrounding the Middle East conflict. On a closing basis, it last ended above 6,000 on Feb. 27, at 6,244.13, just before the war began. The secondar
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