Seoul Shares Open Higher on Semiconductor Gains as Oil Prices Rise

According to The Korea Herald, Seoul shares opened higher Tuesday, led by semiconductor stocks, as escalating tensions in the Middle East pushed up oil prices. The benchmark Korea Composite Stock Price Index rose 54.51 points, or 0.78 percent, to 7,049.90 at 9:15 a.m. after opening 0.72 percent higher. The index had jumped more than 4 percent in the previous session on a rally in tech stocks, driven by revived hopes for artificial intelligence-related earnings momentum.