(LEAD) Seoul stocks open higher on Wall Street gains following U.S.-Iran deal (opens original article in a new tab)

South Korean stocks opened more than 1.5% higher following U.S. stock gains after a U.S.-Iran agreement to reopen the Strait of Hormuz, with the KOSPI rising 1.75% to 8,695.66.

• South Korean stocks opened higher after U.S.-Iran deal
• U.S. stocks rallied with S&P 500 up 1.7% and Nasdaq 100 up 3.1%
• Oil prices fell as concerns over inflation eased
• Samsung Electronics gained 1.39% while Hyundai Motor declined 1.08%