South Korean Stocks Plunge Nearly 3% Amid Iran-Backed Middle East Conflict Escalation
Stock markets in Seoul experienced a sharp downturn on March 30, with the KOSPI index losing 2.97%, led by significant foreign investor sell-offs. The index dropped 161.57 points to close at 5,277.3, marking a three-day losing streak amid mounting geopolitical tensions. The Korean won depreciated against the U.S. dollar, reflecting concerns about potential economic impacts. The escalation stems from Iran-backed Houthi forces launching their first attacks on Israel since the conflict began in late February. The Houthis warned they would continue military operations unless attacks on Iran ceased, broadening the conflict's scope. This new front increases fears over disruptions to... [Continue Reading]
360LiveNews | 30 Mar 2026 08:27
