(LEAD) Seoul stocks up for 4th day to finish above 8,700 on U.S.-Iran deal optimism (opens original article in a new tab)

Seoul stocks rose for the fourth day, closing above 8,700 amid optimism over a U.S.-Iran deal, while U.S. stocks also gained and oil prices declined.

• Seoul stocks rose over 2% for the fourth day, closing above 8,700 on U.S.-Iran deal optimism
• U.S. stocks rallied with S&P 500 up 1.7% and Nasdaq 100 gaining 3.1%
• Oil prices fell 4.76-4.87% as concerns over inflation eased
• Foreign and institutional investors bought 1.54 trillion and 703.53 billion won respectively