South Korean shares fall more than 4% on renewed US-Iran tensions

Business Recorder

South Korean shares fall more than 4% on renewed US-Iran tensions

SEOUL: Round-up of South Korean financial markets: South Korean shares fell more than 4% on Wednesday, as worries mounted over rising hostilities in the Middle East. The benchmark KOSPI closed down 366.11 points, or 4.52%, at 7,730.82. On Tuesday, it rose 8.2%, after falling 8.3% the day before. During the session on Wednesday, the index fell as much as 6.86%, triggering a “sidecar” trading curb. The U.S. on Tuesday launched strikes against Iran after President Donald Trump said Tehran had...

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