Seoul shares soar over 4 pct to snap 3-day slide on tech rally, oil prices fall

What happened: South Korean stocks closed more than 4 percent higher, ending a three-day slide, as technology shares rallied and oil prices fell on hopes for a possible end to the war in the Middle East. Key numbers: KOSPI closed up 220.28 points, or 4.39 percent, at 5,239.13, after reaching 5,300.92. Why it matters: The rally followed sharp declines and was led by tech, with Wall Street indexes also higher. Nvidia dropped as its board will probe CEO Jensen Huang over an admitted affair with a purported Chinese spy. Coverage: 3 outlets in 24h

South Korean stocks closed more than 4 percent higher, ending a three-day slide, as technology shares rallied and oil prices fell on hopes for a possible end to the war in the Middle East.

The rally followed sharp declines and was led by tech, with Wall Street indexes also higher. Nvidia dropped as its board will probe CEO Jensen Huang over an admitted affair with a purported Chinese spy.