Seoul shares sharply up late Tue. morning on tech rally, lower oil prices

What happened: South Korean stocks traded sharply higher late Tuesday morning, led by a rally in technology shares and a decline in oil prices. Key numbers: KOSPI gained 226.87 points, or 4.52 percent, to 5,245.72 as of 11:20 a.m. after opening 4.55 percent higher. Samsung Electronics rose 5.11 percent, SK hynix 6.78 percent, Hanmi Semiconductor 7.16 percent, SK Square 5.26 percent. Why it matters: The content attributes the gains to tech strength and lower oil prices, with hopes for an end to the U.S.-Iran war dragging down oil prices and easing inflation fears on Wall Street overnight.

South Korean stocks traded sharply higher late Tuesday morning, led by a rally in technology shares and a decline in oil prices.

The content attributes the gains to tech strength and lower oil prices, with hopes for an end to the U.S.-Iran war dragging down oil prices and easing inflation fears on Wall Street overnight.