South Korean Stocks Reach Record High Following April Rally and Middle East Developments
South Korean stocks hit a fresh record high, building on a historic monthly rally in April, as investors reacted to developments in the Middle East. U.S. President Trump announced 'Project Freedom' to free ships stranded in the Strait of Hormuz, causing volatility in oil prices. The Kospi index rose 5.12% to 6,936.99, with Samsung Electronics and SK Hynix reaching record intraday highs.
Topics: oil prices Project Freedom South Korean stocks Strait of Hormuz U.S. military intervention