Commodities
Kospi Plunges as Middle East Tensions Send Oil Prices Soaring
The Kospi index plummeted to 6,712.32, down 5.42% from the previous trading session.
This sharp decline was triggered by escalating geopolitical tensions in the Middle East, which sent oil prices soaring above $100 per barrel.
The U.S. conducted airstrikes on Iran for a 13th consecutive day, and President Donald Trump signaled a powerful strike on Iran's suspected underground nuclear facility at Kuh-e-Gachan.
The deteriorating situation in the Middle East raised concerns about supply-chain disruptions, with Brent crude futures breaching the $100 mark at $100.69 per barrel.