South Korean stocks pulled off a new record high over the 8,000-point level Tuesday driven by optimism for a possible U.S.-Iran peace agreement that would open the Strait of Hormuz.

South Korean stocks opened at a new record high of over 8,000 Tuesday on rising hopes for a US-Iran deal to reopen the Strait of Hormuz. The benchmark Korea Com

Korean stocks traded higher over the 8,000-point level as investors were buoyed by progress on a Washington-Tehran peace deal despite new U.S. stri...