Seoul shares open higher amid oil price swings

South Korean stocks started higher Wednesday as investors continued to hunt for bargains despite volatility in global oil prices in the wake of the Middle East crisis. The benchmark Korea Composite Stock Price Index rose 154.83 points, or 2.8 percent, to 5,687.42 as of 9:15 a.m. The index rebounded 5.35 percent Tuesday. US President Donald Trump said in a social media post that Iran will face "military consequences" at a level "never seen before" if it has laid any mines in the Strait of Hormuz.

By The Korea Herald