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Seoul stocks open sharply lower, KOSPI down 3.14% amid Mideast uncertainty
The benchmark Korea Composite Stock Price Index (KOSPI) opened down 217.3 points to 6,692.61 on Monday. This decline occurred as geopolitical uncertainties in the Middle East pushed up oil prices, bucking advances on Wall Street. On Friday, US stocks closed higher on reports that Gulf diplomats and Iranian officials might hold a meeting Monday to discuss plans to reopen the Strait of Hormuz without US participation.
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Source：Korea Herald商业 · Source Link
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