Key facts
- Seoul shares opened lower on Monday due to renewed Iran uncertainty.
- The benchmark Korea Composite Stock Price Index (KOSPI) rose 63.91 points, or 0.85 percent, to 7,412.03 at the opening bell.
- SK hynix's American depositary receipts (ADRs) on the Nasdaq closed at $168, exceeding the offering price of $149.
- U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average and Nasdaq Composite both gaining 0.29 percent.
Seoul shares opened lower on Monday as investors remained cautious amid renewed uncertainty surrounding Iran. The benchmark Korea Composite Stock Price Index (KOSPI) rose 63.91 points, or 0.85 percent, to 7,412.03 at the opening bell.
On Friday, U.S. stocks closed higher despite increased tension in the Middle East. This rise was partly buoyed by South Korean chipmaker SK hynix's successful multibillion-dollar U.S. share offering. SK hynix's American depositary receipts (ADRs) on the Nasdaq closed at $168 each, significantly above the offering price of $149.
The Dow Jones Industrial Average gained 0.29 percent to 52,637.01 points, while the tech-heavy Nasdaq composite also climbed 0.29 percent to 26,281.61.