
KOSPI rebounds 0.26 percent after previous session's plunge amid receding Middle East tensions.
AI-generated summary
The main index previously plunged 3.99 percent amid concerns about Middle East tensions and Fed rate hikes.
SEOUL, Sept. 3 (Yonhap) -- Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump played down the prospect of a prolonged conflict with Iran.
The Korean won rose against the U.S. dollar.
After opening 1.33 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 16.76 points, or 0.26 percent, to end at 6,579.48.
The rebound came after the main index plunged 3.99 percent in the previous session amid concerns about tensions in the Middle East and the possibility of further U.S. Federal Reserve rate hikes.
Overnight, the Dow Jones Industrial Average rose 0.56 percent, while the tech-heavy Nasdaq Composite gained 0.45 percent.

Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump played down the prospect of a prolonged conflict with Iran. The KOSPI rose 0.26 percent to end at 6,579.48, while the Korean won rose against the U.S. dollar.

The South Korean won rose to a near 14-month high of 1,359.3 per dollar on Thursday, driven by a strengthening Japanese yen and local exporter dollar sales ahead of a U.S. employment report.

President Lee Jae Myung held a closed-door meeting with Hyundai Motor Group Executive Chair Euisun Chung, likely discussing a 9 trillion-won investment and government megaprojects.

Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump played down the prospect of a prolonged conflict with Iran. The benchmark KOSPI rose 0.26 percent to 6,579.48, while the Korean won strengthened against the dollar.

3์ผ ์ฝ์คํผ๋ ์ฅ์ด๋ฐ ๊ฐ์ธ๋ฅผ ์ด์ด๊ฐ๋ค ์คํ ๋ค์ด ๊ฐ์์ค๋ฌ์ด ๊ธ๋ฝ์ ๊ฒช์ ๋ค ์์นํญ์ ์ถ์ํด 0.26% ์ค๋ฅธ 6,579.48์ ๋ง๊ฐํ๋ค. ์ฝ์ค๋ฅ์ง์๋ 1.71% ํ๋ฝํ 790.21๋ก 4๊ฑฐ๋์ผ ์ฐ์ ๋ด๋ฆผ์ธ๋ฅผ ๊ธฐ๋กํ๋ค.

South Korea announced a major restructuring plan to reduce state-run firms from 524 to 415. The DIET initiative merges power, port, and energy corporations while splitting Korea Land & Housing Corp., promising job security for workers.