- South Korea's Kospi hit a record high despite mixed trading across Asia-Pacific markets.
- Samsung shares climbed more than 3%, reaching an all-time high.
- Trump said he was in "no hurry" to strike a deal to end the conflict, now in its fourth month.
South Korea stocks hit a fresh record high on Monday, bucking a mixed performance across Asia-Pacific markets as investors monitored lingering uncertainty around U.S.-Iran negotiations after President Donald Trump said he was in "no hurry" to strike a deal to end the conflict.
South Korea's Kospi jumped 1.31%, while the small-cap Kosdaq was down 1.58%. Shares of Samsung Electronics rose more than 3% to hit an all-time high.
Shares of SoftBank Group rose 5% after the conglomerate on Sunday announced plans to invest 45 billion euros ($53 billion) over the next five years to build
artificial intelligence infrastructure in France.
The
Hang Seng index rose 0.73% while the CSI 300 was down 0.32%.
The U.S. and Iran have
still not finalized an agreement to end the conflict, Trump said in an interview with his daughter-in-law, Lara Trump, on Fox News Saturday. He added that he is pressing for a deal that would ensure Iran never acquires a nuclear weapon.
While he said he would prefer a swift resolution, he stressed that he was not rushing negotiations and warned that military action could resume if talks collapse.
"I'd like to say I'm in a hurry because gasoline prices are going to come tumbling down, but if you're going to be in a hurry, you're not going to make a good deal," Trump said. "And slowly but surely we're getting, I think, what we want, and if we don't get what we want we're going to end it a different way."
Last Friday on Wall Street, U.S. equities closed at record highs while crude prices slipped, helping the major averages score a winning month, boosted by technology.
The
Nasdaq Composite settled up 0.2% at 26,972.62, while the S&P 500 climbed 0.22% to 7,580.06. The Dow Jones Industrial Average finished up 363.49 points, or 0.72%, at 51,032.46. All three indexes hit fresh all-time intraday highs earlier as well.
— CNBC's Sarah Min and Lisa Kailah Han contributed to this report<small>Source: CNBC</small>
Business
South Korea stocks hit fresh high amid mixed regional trade despite Trump's Iran deal caution
CNBC
June 01, 2026
4 views
Advertisement
How did this make you feel?
