Seoul stocks open higher on Wall Street gains following US-Iran deal

South Korean stocks opened more than 1.5 percent higher Tuesday, tracking overnight gains on Wall Street after the United States and Iran reached an agreement to reopen the Strait of Hormuz, boosting investor sentiment.

The benchmark Korea Composite Stock Price Index rose 149.68 points, or 1.75 percent, to 8,695.66, as of 9:25 a.m.

Overnight, US stocks rallied after US President Donald Trump said a preliminary agreement to end the conflict with Iran had already been signed and the Strait of Horm ...