Seoul shares open sharply higher as global oil prices ease

South Korean shares kicked off sharply higher Tuesday as easing crude prices and hopes for the possible reopening of the Strait of Hormuz lifted major US stock indexes overnight. The benchmark Korea Composite Stock Price Index rose 161.95 points, or 2.92 percent, to 5,711.80 at the opening bell. Overnight, the Dow Jones Industrial Average climbed 0.8 percent, while the tech-heavy Nasdaq Composite jumped 1.2 percent and the S&P 500 gained 1 percent, delivering the best day for the US stock market

By The Korea Herald