South Korean Stocks Take a Dive Amid US-Iran Drama

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South Korean Stocks Take a Dive Amid US-Iran Drama

South Korean stocks took a wild ride, ending their five-day winning streak! With the US-Iran saga heating up, the KOSPI index slipped 1.6%, while the techy KOSDAQ took a bigger dive at 3.5%. Investors decided to play it safe, selling off risky assets and looking for safer spots. Uncertainty around deals with companies like Hyundai Rotem added to the market's jitters, showing how sensitive smaller stocks can be to global chaos.