South Korean stocks plunge 2.7% as US-Iran attacks lift oil prices

  • South Korean stocks fell as the United States and Iran continued exchanging military attacks.
  • 2.7% was the KOSPI's decline to 6,651.07 at 9:15 a.m.
  • Major U.S. stocks closed lower overnight after new U.S. strikes on Iran.

South Korean stocks opened sharply lower Wednesday as continued military attacks between the United States and Iran drove oil prices higher. The Korea Composite Stock Price Index fell 184.73 points, or 2.7%, to 6,651.07 as of 9:15 a.m. Major U.S. stocks also closed lower overnight after a new round of U.S. strikes on Iran increased oil prices and heightened concerns about inflation in the world's largest economy.

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