South Korea's Kospi reached a record high on Monday, driven by a surge in Samsung Electronics shares. This occurred amidst mixed performances in Asia-Pacific markets, with investors closely watching U.S.-Iran negotiations.
Asia-Pacific markets climbed Monday as investors looked past renewed diplomatic setbacks between the U.S. and Iran.
Japan's Nikkei 225 and South Korea's Kospi both reached record intraday highs on Thursday, driven by tech stock gains and positive sentiment from Trump's Iran ceasefire extension. The Nikkei rose to 60,013.98 while the Kospi advanced to 6,538.72. South Korea's economy grew 1.7% in Q1, its fastest pace since Q3 2020, exceeding expectations. Oil prices also ticked higher amid geopolitical uncertainty.
