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, Thursday, July 9, 2026.

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Asian stocks are mixed and oil prices slip after Iran and US launch fresh attacks

Asian stocks are mixed and oil prices slip after Iran and US launch fresh attacks

Shares are mixed in Asia and oil prices have stabilized 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 less than 0.1% to about $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.