Korean stocks dive, won hits 17-year low on Iran conflict

South ​Korean shares sank more than 10% on Wednesday, wiping off $430 billion in value just this week, after the won currency hit a ‌17-year low on a widening Middle East war, prompting heavy selling in a market that had been the world's hottest.

Mar 4, 2026 - 07:00
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Korean stocks dive, won hits 17-year low on Iran conflict
South ​Korean shares sank more than 10% on Wednesday, wiping off $430 billion in value just this week, after the won currency hit a ‌17-year low on a widening Middle East war, prompting heavy selling in a market that had been the world's hottest.

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