KOSPI closed at a record 8,288.7 on Wednesday after reaching the 8,000 level on Tuesday and extending a four-session winning streak. Major U.S. indexes also closed at record highs overnight with modest gains. Markets opened lower across Asia on Thursday amid conflicting reports on U.S.-Iran talks regarding the Strait of Hormuz.
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“KOSPI opens lower amid AI rally pause, mixed U.S.-Iran signals”
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KOSPI's lower open reflects costs of erratic U.S. diplomacy under Trump, with mixed signals on Iran talks injecting volatility after recent record highs.
“Presidential unpredictability overshadows diplomatic openings and hits emerging Asian economies through imported inflation.”
Markets opened lower as investors digested conflicting Iran reports, with Trump's rejection of any Hormuz control arrangement prioritizing U.S. energy security.
“Trump's skepticism avoids past errors of easing sanctions without verification, reflecting prudent caution amid U.S. market resilience.”
Conflicting U.S. government signals on Iran injected political risk into energy and equity pricing after KOSPI record highs.
“Centralized foreign policy generates volatility as investors price in government restrictions on shipping lanes rather than voluntary trade.”
All three views over-attribute the decline to U.S.-Iran diplomacy while downplaying technical pullbacks after four days above 8,200 and source conflicts on the exact drop size.
“Asian indexes moved in tandem with rising oil futures and U.S. record closes, pointing to broader risk-off rotation over any single diplomatic leak.”
Ratings by MBFC