▲ Financial data are displayed on a screen inside the dealing room of Hana Bank of central Seoul on March 23, 2026. (Yonhap)

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Seoul stocks open sharply higher on hopes of easing tensions in Mideast

SEOUL, March 24 (Yonhap) -- South Korean stocks opened sharply higher Tuesday, as investors pin hopes on easing military tensions in the Middle East.

The benchmark Korea Composite Stock Price Index (KOSPI) jumped 229.68 points, or 4.25 percent, to 5,635.43, in the first minute of trading.

The index plunged more than 6 percent the previous session.

Overnight, major stock indexes on Wall Street closed over 1 percent higher, after U.S. President Donald Trump said the United States and Iran held talks, and that he ordered to postpone strikes against Iranian power plants and energy infrastructure for five days.

The development gave investors hope that the turmoil in the Middle East my end soon and souring oil prices could stabilize.

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