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(2nd LD) Seoul stocks up for 3rd day to land above 8,500 on U.S.-Iran deal

Seoul stocks closed sharply higher Monday, with the KOSPI gaining 5.2 percent to reach 8,545.98, driven by news of a US-Iran agreement to end their war. Foreign and institutional investors were net buyers, while the Korea Exchange issued a sidecar to curb excessive volatility. The won also rose sharply, and most market heavyweights gained, with an official signing ceremony scheduled in Switzerland on Friday.

1 outlet · 3 articles Jun 15