stocks-open

SEOUL, Nov. 10 (Yonhap) -- South Korean stocks started sharply higher Tuesday following overnight Wall Street gains driven by hopes for diplomatic talks aimed at ending the U.S.-Iran war, which led to a drop in oil prices amid a scandal swirling around Nvidia CEO Jensen Huang.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 228.37 points, or 4.55 percent, to 5,247.22 at the opening bell.

U.S. stocks finished higher on eased uncertainty in the Middle East as U.S. President Donald Trump told reporters that he is not prepared to resume the bombardment. A drop in oil prices also calmed inflation fears.

The Dow Jones Industrial Average rose 2.15 percent, and the S&P 500 gained 2.35 percent. The tech-heavy Nasdaq Composite advanced 2.74 percent, while Nvidia tumbled 4.2 percent.

The PHLX semiconductor index jumped 6.85 percent.

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