Seoul stocks up for 3rd day to land above 8,500 on U.S.-Iran deal

Seoul's stock market posted a strong third consecutive gain, closing above 8,500 as the U.S.-Iran deal alleviated risk. The Kospi finished at 8,545.98, up 422.36 points or 5.2%, after a intraday high of 8,603.48. Foreign investors bought a net 1.53 trillion won, with institutional investors supporting the rally while retail investors sold 1.49 trillion won. The won strengthened to about 1,511.1 per dollar, up roughly 8.7 won. Trading volume reached 510.3 million shares worth 38.6 trillion won, with Samsung Electronics, SK hynix, Hyundai Motor and LG Energy Solution among top gainers.