South Korea Financial Markets

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), SK Hynix and Samsung Electronics Co. stock price at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2026.

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Asian stocks slip and oil prices jump as Iran and US launch fresh attacks

Asian stocks slip and oil prices jump as Iran and US launch fresh attacks

Shares are mostly lower in Asia and oil prices jumped as conflict escalated in the Middle East, with Iran and the U.S. launching fresh attacks. U.S. futures edged higher. The United States launched more airstrikes on Iran, and Iran responded by firing at Bahrain, Kuwait and Qatar, a day after U.S. President Donald Trump said their temporary ceasefire was “over.” Brent crude, the international standard, was up 1% to above $78 a barrel. On Wednesday, Wall Street's benchmark S&P 500 ended 0.3% lower. The Dow Jones Industrial Average fell 1.1%, and the tech-heavy Nasdaq composite edged 0.2% higher after reversing an earlier loss.