Seoul shares down over 3 pct late Wed. morning amid U.S.-Iran tensions, tech losses

South Korean stock prices experienced a significant decline on Wednesday morning, falling by over 3 percent. This downturn was attributed to escalating tensions between the United States and Iran, which have created global market uncertainty. Additionally, losses in the technology sector contributed to the downward pressure on the Seoul stock exchange. Investors are closely monitoring geopolitical developments and their potential impact on global trade and economic stability.

The drop in Seoul's stock market reflects broader investor concerns about geopolitical instability and its potential to disrupt global economic conditions.