Seoul shares rise over 1% ahead of US-Iran ceasefire negotiations

Seoul shares closed higher Friday, tracking overnight gains on Wall Street, as investor sentiment improved on optimism over upcoming US-Iran negotiations following a two-week ceasefire in the Middle East. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price Index rose 80.86 points, or 1.4 percent, to 5,858.87, extending weekly gains to nearly 9 percent despite lingering geopolitical concerns. Trading volume was moderate at 989.96 million shares worth 23.43

By The Korea Herald