Seoul shares trade over 8,000 on optimism for US-Iran deal, Hormuz reopening - The Korea Times

Seoul shares open at new record high over 8,000 on hopes for US-Iran deal

South Korea's KOSPI hit a record 8,031 (+2.34%) on US-Iran deal optimism, while Brent crude fell 7% to $96 as Strait of Hormuz reopening hopes grew. Easing geopolitical risk is already repricing chip and hardware stocks — SK Hynix +4.22%, Samsung +2.14% — a positive signal for component costs and supply-chain visibility.