Seoul Stocks Spike over 4 Pct to Settle Again in 8,000 Territory on Hopes for End to Mideast Crisis
Investor optimism over a possible Iran peace deal and falling crude prices lifted AI and semiconductor shares, with the Nikkei up 3.47% at the close.
- On Friday, the Korea Composite Stock Price Index surged 4.63% to close at 8,123.62, though the index trimmed earlier gains on profit taking ahead of the closing bell.
- President Donald Trump announced a "great settlement" with Iran that could be signed within days, sparking optimism the monthslong Middle East conflict might end soon.
- Samsung Electronics rose 7.86% to 322,500 won and SK hynix climbed 2.33% to 2,150,000 won, while semiconductor equipment maker Hanmi Semiconductor vaulted 24.05% to 361,000 won.
- Foreigners and institutional investors net purchased 4.4 trillion won combined, while retail investors net sold 4.3 trillion won, signaling a major shift after a 25-session selling streak.
- Four U.S. Air Force C-17 planes departed for Europe on Thursday, raising expectations a signing ceremony could occur in Geneva, Switzerland, possibly involving Vice President J.D. Vance.
12 Articles
12 Articles
Seoul stocks spike over 4 pct to settle again in 8,000 territory on hopes for end to Mideast crisis
Seoul stocks rose by more than 4 percent Friday, as investors snapped up tech heavyweights amid hopes the war between the United States and Iran could end soon.
Tokyo stocks surge, Nikkei up over 4%, on hopes for end to Iran war
Tokyo stocks rose sharply Friday morning, with the Nikkei stock index surging over 4 percent at one stage, driven by optimism for prospects to an end to the Middle East conflict, easing earlier fears of escalation.
US President Trump promises an early framework agreement with Iran for the settlement of the war. Tehran denies. Hope makes Asian investors optimistic.
(Seoul = Yonhap News) Reporter Kim Yu-hyang = On the 12th, the KOSPI continued its intraday rise of over 7%, driven by expectations of an end to the Middle East war.
Japan's Nikkei jumps on renewed hopes for Middle East peace
Japan's Nikkei share average surged over 4% on Friday, driven by renewed hopes for Middle East peace after U.S. President Trump canceled planned strikes against Iran. Technology shares, particularly chipmakers like Advantest and Tokyo Electron, led the gains. The broader Topix also saw a significant increase as investors reacted positively to potential de-escalation.
The main index of the Tokyo Stock Exchange, the Nikkei, skyrocketed more than 3% at the opening this Friday, driven by the technology sector.
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