The Korea Times
Korean stocks opened higher Friday, bucking overnight losses on Wall Street, as the United States announced a three-week ceasefire extension for Iran and Lebanon. The benchmark Korea Composite Stock Price Index (KOSPI) opened at 6,496.10, up 20.29 points, or 0.31 percent. Overnight, the Dow Jones Industrial Average fell 0.36 percent, and the tech-heavy Nasdaq Composite declined 0.89 percent. On Thursday (U.S. time), U.S. President Donald Trump said he had ordered the U.S. Navy to target any vessels laying mines in the strait, adding Iran is seeking a deal and talks are under way. Trump also said Israel and Lebanon would extend their ceasefire by three weeks, easing a potential obstacle to efforts to end the conflict involving the U.S. and Iran.
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