South Korea's Kospi hits fresh record as hopes of U.S.-Iran breakthrough rise
South Korea's Kospi reached a new record high as trading resumed following a public holiday, buoyed by optimism surrounding U.S.-Iran peace talks. President Trump indicated that negotiations were progressing well, although he cautioned that military action could resume if they falter. Oil prices showed mixed results in response to the developments, reflecting the uncertainty of the situation.
- ▪South Korea's Kospi hit a fresh record high on Tuesday.
- ▪President Trump stated that negotiations with Iran were proceeding nicely.
- ▪Oil prices were mixed, with West Texas Intermediate futures falling and Brent futures rising.
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South Korea's Kospi hit a fresh record Tuesday as trading resumed after a public holiday, with investor sentiment supported by hopes for a breakthrough in the U.S.-Iran peace talks. President Donald Trump said Monday negotiations with Iran were "proceeding nicely," though he warned that the U.S. could resume attacks if the talks failed.Oil prices were mixed after Trump's comments. West Texas Intermediate futures for July fell 5.37% to $91.41 per barrel as of 8:07 p.m. ET. International benchmark Brent futures for July rose about 1.75% to $97.82 per barrel.In a sign of how tenuous the negotiations were, the U.S.
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