U.S.-Iran Negotiations Expected to Resume, South Korean Stocks Rise in Response; Xtrackers MSCI Korea UCITS ETF (02848.HK) Gains 3.55% Today.
Newtimespace News: Boosted by the easing of tensions, South Korea's KOSPI index and Japan's Nikkei 225 index saw significant gains. On April 14, the Nikkei 225 index closed up 2.43% at 57,877.39 points; the South Korean KOSPI index closed up 2.74% at 5,967.74 points. Xtrackers MSCI Korea UCITS ETF (02848.HK) closed at $1,413.5, with a daily change of +3.55%.
According to Hong Kong Exchange data, Xtrackers MSCI Korea UCITS ETF (02848.HK) tracks the MSCI Korea 20/35 Custom Index. This index is a "capped index" designed by MSCI to comply with EU UCITS fund regulatory requirements. It maintains the representativeness and investability of the South Korean large- and mid-cap stock market while reducing single-company risk through hard weight caps. Besides SK Hynix, Samsung Electronics, NAVER, Hyundai Motor, and Shinhan Financial are all among its top ten constituent stocks.
On the news front, the U.S. and Iran have agreed to continue negotiations aimed at reaching a longer-term ceasefire agreement. The next round of face-to-face talks is expected to be held before the current ceasefire expires, potentially in Islamabad, Pakistan. Iranian President Pezeshkian expressed willingness to continue negotiations with the U.S. within the framework of international law and to abide by the ceasefire terms. Several NATO member states, including Spain, the UK, and Turkey, have refused to participate in the U.S. blockade of Iranian maritime traffic, advocating for a diplomatic resolution to the conflict. A series of密集signals indicate that U.S.-Iran tensions are shifting from the brink of military confrontation to the track of diplomatic negotiation. This shift has been immediately reflected in global financial markets, driving up prices of risk assets while causing oil prices to retreat.
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