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Commodities

Korean Stocks Rise Amid Middle East Tensions

Guavy AI Editorial Team
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Oil
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Seoul's stock market rose by 1.65 percent on Monday, defying concerns over Middle East tensions and elevated oil prices.

The Korea Composite Stock Price Index (KOSPI) gained 113.49 points to reach 7,007.72, extending its winning streak for the third consecutive session.

Investors focused on semiconductor stocks, which are seen as promising due to their potential in artificial intelligence technology.

The elevated crude oil prices remain a concern, with Brent crude trading above $100 per barrel amid ongoing inflationary and geopolitical risks in the Middle East.

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