South Korean stocks hit fresh record, building on historic monthly rally in April
South Korean stocks reached a new record high on Monday, extending gains from their strongest monthly performance in April. The rally followed U.S. President Trump's announcement of 'Project Freedom' to reopen shipping in the Strait of Hormuz amid tensions with Iran. The U.S. military will deploy significant assets, including destroyers, aircraft, and 15,000 personnel, to support the operation.
- ▪South Korean stocks hit a fresh record high following their strongest monthly gain in April.
- ▪U.S. President Trump announced 'Project Freedom' to reopen shipping in the Strait of Hormuz.
- ▪The U.S. Central Command stated that military support includes guided-missile destroyers, over 100 aircraft, and 15,000 service members.
- ▪Project Freedom aims to help civilian ships from non-affiliated countries leave the contested waterway.
- ▪The operation is set to begin on Monday, Middle East time.
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South Korean stocks rose Monday to hit a fresh record, following their strongest monthly gain in April, as investors weighed tensions between Iran and the U.S. and a U.S. plan to reopen shipping in the Strait of Hormuz.The U.S. would attempt to "free" stranded ships affected by the Strait of Hormuz closure since the start of the Iran war, U.S. President Trump said in his Truth Social post Sunday.Dubbed "Project Freedom," the effort is set to begin on Monday, Middle East time and will focus mainly on getting civilian ships flagged in countries not affiliated with the conflict out of the contested waterway so they can "freely and ably get on with their business.""U.S.
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