The Korea Times
Korean stocks opened at a fresh record high Monday as investor appetite for tech shares helped offset uncertainty surrounding negotiations between the United States and Iran over a peace agreement. The benchmark Korea Composite Stock Price Index (KOSPI) rose 9.52 points, or 0.11 percent, to a fresh high of 8,485.67 at the opening bell. The KOSPI closed at a record high of 8,476.15 on Friday. Over the weekend, Washington and Tehran exchanged messages seeking revisions to a draft agreement aimed at extending the ceasefire and reopening the Strait of Hormuz, though it remained unclear whether the talks were making meaningful progress. Oil prices rebounded from a six-week low amid uncertainty surrounding the prospects for the U.S.-Iran peace deal. Brent crude climbed toward $93 a barrel after closing Friday at its lowest level since mid-April.
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