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Kospi opens sharply higher on revived hopes for U.S.-Iran peace talks

Published: 14 Apr. 2026, 09:34

Cargo ships near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in the United Arab Emirates, March 11. [REUTERS/YONHAP]

Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street on revived hopes for peace talks after a U.S. blockade of the Strait of Hormuz.

The benchmark Kospi opened at 5,960, up 151.38 points, or 2.61 percent.

Overnight, U.S. President Donald Trump claimed that Iran had reached out to his administration on potential peace talks as the U.S. Navy began a naval blockade of the Strait on Monday.

U.S. stocks closed higher. The Dow Jones Industrial Average rose 0.63 percent, and the Nasdaq Composite gained 1.23 percent.

Over the weekend, the U.S. and Iran met for peace talks after agreeing to a two-week cease-fire, but failed to iron out their differences over the terms of the deal.

Yonhap