Seoul shares open higher on eased Mideast tensions, mega chip deals

Brent’s sharp fall boosts sentiment, fuels gains across Indian benchmarks

Shares were mostly higher Monday in Asia as oil prices slipped more than 4% after the U.S. and Iran refrained from fighting while discussing a possible resumption of negotiations on an interim ceasefire deal.

Indian equities began the week on a stronger footing after GIFT Nifty traded at 23,931, up 124 points, indicating a positive opening for benchmark indices.

The Australian dollar was trading at US69.92¢ at 5.14am AEST.