empty
 
 

29.06.202601:36:42UTC+00South Korean Shares Extend Losses on US-Iran Uncertainty

The benchmark KOSPI fell more than 1% to around 8,300 on Monday, extending the previous session’s losses as renewed uncertainty over the fragile US-Iran ceasefire drove oil prices higher and undermined global risk appetite. The United States and Iran exchanged fresh strikes over the weekend, and Tehran canceled planned technical talks with Washington, deepening concerns about the durability of the ceasefire and the risk of disruptions to energy supplies and shipping routes through the Strait of Hormuz.

At the same time, investors were awaiting President Lee Jae Myung’s announcement of large-scale investment plans in semiconductors and artificial intelligence, with Samsung Electronics and SK Group expected to unveil major long-term commitments aimed at strengthening South Korea’s advanced technology sector. However, despite this supportive policy backdrop, heavyweight chipmakers came under pressure: Samsung Electronics slid more than 4% and SK hynix dropped over 3%. Additional losses were recorded in SK Square (-6.1%), SK Inc. (-6.6%), and Hyundai Mobis (-1.6%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback