Seoul stocks trade higher late Tue. morning on U.S.-Iran deal optimism (opens original article in a new tab)

Seoul stocks traded higher late Tuesday morning amid U.S.-Iran deal optimism, with the KOSPI rising 1.7% and oil prices declining.

• Seoul stocks rose as U.S.-Iran deal optimism boosted investor sentiment
• KOSPI increased 1.7% to 8,691.5 by 11:20 a.m.
• Oil prices fell as concerns over inflation eased
• Samsung Electronics rose 0.89% and SK hynix gained 2.91%
• LIG D&A jumped 18.82% after partnership with Rheinmetall
• Daewoo Engineering & Construction surged 22.71% on Middle East business expectations