South Korea’s stock market in meltdown amid US-Iran war
South Korea's stock market is experiencing a significant downturn, with its benchmark index plummeting by 12.2 percent. This single-day drop surpasses the market's decline seen after the 9/11 attacks in 2001. The severe market reaction is attributed to the escalating conflict between the United States and Iran. This development highlights the immediate and substantial global economic impact of geopolitical tensions in the Middle East, particularly on export-reliant economies like South Korea. Investors are closely watching for further developments in the conflict and its potential for broader economic instability.
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