(LEAD) Seoul stocks open sharply higher on U.S.-Iran peace deal (opens original article in a new tab)

South Korean stocks rose sharply as the U.S. and Iran agreed to end their conflict and reopen the Hormuz Strait, leading to a drop in oil prices and gains across major companies.

• South Korean stocks opened sharply higher after U.S.-Iran agreement to end war and reopen Hormuz Strait.
• Brent crude oil prices fell 3.37% to $87.3 per barrel following the peace deal.
• Samsung Electronics, SK hynix, Hyundai Motor, and other major companies saw significant stock price increases.