KOSPI opens sharply lower following over 7% dip amid Middle East tension

Seoul shares opened sharply lower Wednesday following a 7 percent plunge a session earlier amid escalating woes over ongoing US-led air strikes on Iran. After opening 3.44 percent lower, the benchmark Korea Composite Stock Price Index was quoted at 5,579.06 at 9:12 a.m., down 212.85 points, or 3.67 percent. The index plunged 7.24 percent to close at 5,791.91 as investor sentiment was dampened by escalating geopolitical concerns triggered by the ongoing Middle East conflict. The United States and

By The Korea Herald

South Korea's Kospi plunges 7% amid selloff in the region as Middle East war escalates

Most Asia-Pacific markets were set to open lower on Wednesday, extending a selloff amid an escalating Middle East war.