Victoria Harbor in Hong Kong.
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South Korean stocks hit a record high on Monday, bouncing back to mixed moves across Asia-Pacific markets as investors focused on lingering uncertainty surrounding U.S.-Iran negotiations after President Donald Trump said he was in “no hurry” to reach a deal to end the conflict.
South Korea’s Kospi rose 1.31%, while the small-cap Kosdaq fell 1.58%. Samsung Electronics’ stock price rose more than 3%, hitting a record high.
Japanese Nikkei Stock Average rose 0.17%, while TOPIX fell 0.3%. In Australia, S&P/ASX 200 We lost 0.21%.
SoftBank Group stock rose 5% on Sunday after the bank announced plans to invest 45 billion euros ($53 billion) over the next five years to build artificial intelligence infrastructure in France.
of Hang Seng Index The CSI300 fell by 0.32%, but rose by 0.73%.
President Trump said in an interview with his daughter-in-law Lara Trump on Fox News on Saturday that the United States and Iran have not yet reached a deal to end the conflict. He added that he is seeking an agreement that guarantees Iran will never acquire nuclear weapons.
Although he hoped for a quick resolution, he stressed that he was in no hurry to negotiate and warned that military action could resume if negotiations break down.
President Trump said, “I want to say we’re in a hurry because gas prices are going to plummet, but if we’re in a hurry, we won’t be able to get a good deal.” “And I think slowly but surely, we’re getting what we want. If we don’t get what we want, we’re going to end it another way.”
On Wall Street last Friday, U.S. stocks closed at record highs as oil prices fell, and major averages had a winning month with a boost from technology.
The Nasdaq Composite Index rose 0.2% to settle at 26,972.62, while the S&P 500 Index rose 0.22% to 7,580.06. The Dow Jones Industrial Average rose 363.49 points, or 0.72%, to end at 51,032.46. All three indexes also hit new intraday highs earlier.
— CNBC’s Sarah Ming and Lisa Kayla Han contributed to this report
