▲ Financial data is displayed on a screen inside the dealing room of Hana Bank in central Seoul on July 27, 2026. (Yonhap)

SEOUL, July 27 (Yonhap) -- After choppy trading, South Korean stocks finished nearly 1 percent higher Monday as investors bought tech shares amid a pause in Middle East hostilities. The local currency declined against the U.S. dollar

The benchmark Korea Composite Stock Price Index (KOSPI) added 65.13 points, or 0.97 percent, to close at 6,755.75, rebounding from a 5.72 percent drop on Friday.

Military tensions in the Middle East eased as the United States has suspended its two-week attacks on Iran since Friday.

In response, Iran also stopped conducting counterattacks, while holding talks with Oman over the Strait of Hormuz.

With the pause in the U.S.-Iran war, oil prices slid as Brent crude fell 4.7 percent to $92.27 a barrel and U.S. Texas Intermediate dropped 5.1 percent to $84.89 after briefly hitting $100 per barrel last week.

Investor sentiment was also buoyed by an eye-catching gathering of global tech leaders, including Samsung Electronics Co. Chairman Lee Jae-yong and Nvidia Corp. Chief Executive Officer (CEO) Jensen Huang, and a series of investment agreements worth a combined US$950 billion in San Francisco over the weekend.

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