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South Korean Shares Open Flat Amid Uncertain US-Iran Talks, Ceasefire Extension

-- South Korean shares opened nearly flat on Wednesday after the US and Iran did not confirm a second round of talks anytime soon.

The benchmark Korea Composite Stock Price Index, or Kospi, marginally gained to open at 6,387.57. The Kosdaq, on the other hand, shed 0.18% to begin trading at 1,176.83.

US President Donald Trump announced an extension to the ceasefire until Iran came up with a unified proposal on a possible agreement.

The White House on Tuesday said that US Vice President JD Vance has not yet departed for Pakistan and remains in Washington for additional policy meetings, according to Reuters.

Tehran has not yet given any formal confirmation of joining negotiations with the US in Islamabad.

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South Korean Shares Open Flat Amid Uncertain US-Iran Talks, Ceasefire Extension | FINWIRES