Key facts
- South Korean stocks closed at an all-time high above 9,100 points.
- Semiconductor shares drove the rally in South Korean stocks.
- South Korea's military condemned North Korea's border fencing.
- North Korea's border fencing is called a violation of the Korean Armistice Agreement.
- North Korea's actions are stated to be increasing tensions on the Korean Peninsula.
- Two South Korean-operated vessels passed through the Strait of Hormuz.
- The vessels passed through after a U.S.-Iran ceasefire agreement.
- No South Korean crew members were on board the vessels.
- The vessels are sailing normally after exiting the Strait of Hormuz.
South Korean stocks achieved an all-time high, closing above 9,100 points, primarily propelled by a strong performance in semiconductor shares. This record surge occurred even as initial uncertainties surrounded the progress of U.S.-Iran peace talks and the South Korean won weakened against the U.S. dollar.