Kospi jumps over 8% on Iran peace deal hopes; world's best-performing market up 94% YTD

Kospi jumps over 8% on Iran peace deal hopes; world's best-performing market up 94% YTD

South Korean stocks staged a powerful rally on Friday, with the KOSPI rallying as much as 8.5%, on course to end a volatile week on a high. Improved sentiment was driven by growing optimism over a possible easing of tensions in the Middle East after U.S. President Donald Trump said a deal with Iran could be reached as early as this weekend.The benchmark KOSPI jumped 660 points, or 8.5%, to 8,424. The surge helped the index finish the week up 3.2%, reversing some of the damage from the previous …

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