The benchmark KOSPI is diplayed at a dealing room in Hana Bank, Seoul, Friday. Yonhap
Seoul stocks were trading sharply higher late Friday morning as U.S. President Donald Trump fueled hopes for an end to the Iran war.
The benchmark Korea Composite Stock Price Index (KOSPI) was trading up 606.46 points, or 7.81 percent, to 8,370.41, as of 11:20 a.m.
After opening sharply higher, the index is remaining above the 8,000-point mark, as institutional and foreign investors snapped up blue chip tech stocks.
On Thursday (U.S. time) President Trump said Washington reached "a great settlement" on the war with Iran, and a deal would be signed as early as this weekend. Iran, however, has yet to confirm such a deal.
