South Korea Financial Markets
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 1, 2026.
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Oil prices have climbed and Asian shares have wavered as recurring violence in the Iran war heightens uncertainty over the future of the conflict. Shares in online fast-fashion retailer Shein fell as much as 10% after they began trading in Hong Kong on Tuesday. Brent crude was up 0.8%, above $91 per barrel. It gained 2.7% on Monday after American forces struck Iranian rocket launchers on the Strait of Hormuz. On Wall Street, the S&P 500 fell 0.3%, the Dow industrials dropped 0.7%, and the Nasdaq slipped 0.1%. Still, all three indexes closed with gains for the month of August.
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