(URGENT) Seoul shares open 2.85 pct higher on tech rebound, Iran-Israel ceasefire

South Korea's stock market opened with significant gains, climbing nearly 3 percent as technology stocks led the recovery. The positive momentum was bolstered by developments in Middle Eastern geopolitics, specifically a ceasefire agreement between Iran and Israel that reduced regional tensions. Investors appeared to regain confidence in growth sectors, particularly the tech industry which had faced recent headwinds. The combination of domestic market sentiment and international stability contributed to the broader market optimism.

Market movements in major Asian economies like South Korea signal investor sentiment about global economic conditions and can influence international investment flows and technology sector valuations.