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KOSPI HITS NEW RECORD CLOSE; TECH, SHIPBUILDING STOCKS ADVANCE

2026-05-26

KOSPI HITS NEW RECORD CLOSE; TECH, SHIPBUILDING STOCKS ADVANCE

Other News
2026-05-26

Hong Kong stocks opened higher, with the Hang Seng Index up 0.06% and the Tech Index up 1.9%. Chip stocks opened higher, with SMIC (00981.HK), Hua Hong Semiconductor (01347.HK), and ASMPT (00522.HK) up nearly 15%, and GigaDevice (03986.HK) up nearly

Hong Kong stocks opened higher, with the Hang Seng Index up 0.06% and the Tech Index up 1.9%. Chip stocks opened higher, with SMIC (00981.HK), Hua Hong Semiconductor (01347.HK), and ASMPT (00522.HK) up nearly 15%, and GigaDevice (03986.HK) up nearly 10%.
2026-05-26

Market news: The draft agreement between the US and Iran stipulates that the US commits to easing the blockade on Iranian ports; it will provide specific sanctions waivers for Iranian oil exports; and it will consider easing sanctions on Iranian oil

Market news: The draft agreement between the US and Iran stipulates that the US commits to easing the blockade on Iranian ports; it will provide specific sanctions waivers for Iranian oil exports; and it will consider easing sanctions on Iranian oil in stages, depending on Iran's implementation of its commitments. The draft also stipulates that navigation through the Strait of Hormuz must be restored within 30 days.
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