Kospi roars past 8,100 on Iran ceasefire hopes

The South Korean benchmark Kospi soared above 8,100 points for the first time during intraday trading Tuesday on expectations of an end to the war in Iran as Washington and Tehran inch closer to a deal.

The index opened at 8,070.91, up 2.84 percent from Friday’s close, as markets were closed Monday for a public holiday.

It extended gains to hit as high as 8,131.15, shattering its previous intraday record of 8,046.78 set on May 15.

As of 1 p.m., the index stood at 8,104.01, up 3.27 percent for th ...