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FINWIRES

South Korean Shares Open Flat as US-Iran Tensions Continue

-- South Korean shares opened flat with a positive bias on Monday as tensions between the U.S. and Iran continue.

The benchmark Korea Composite Stock Price Index, or Kospi, marginally rose to open at 6,213.92. The Kosdaq also gained slightly to begin trading at 1,167.10.

Iran's military command, Khatam al-Anbiya, on Monday accused the U.S. of violating a two-week ceasefire after the U.S. Navy destroyer USS Spruance intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz.

In a post on Truth Social on Sunday, U.S. President Donald Trump said the vessel ignored warnings and was seized by U.S. Marines, adding that the vessel was under US Treasury sanctions over alleged past "illegal activity."

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