(URGENT) Seoul shares open nearly 3 percent lower on U.S. tech slide, Iran tensions

South Korean stock markets experienced a significant downturn at the opening of trading, with the benchmark KOSPI index falling nearly 3 percent. This sharp decline is attributed to a broad sell-off in U.S. technology stocks overnight. Adding to investor concerns are ongoing geopolitical tensions surrounding Iran.

The drop in Seoul's stock market reflects global investor sentiment and highlights the interconnectedness of international markets and the impact of geopolitical events on financial stability.