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Seoul stocks open sharply lower amid broader Middle East crisis fears

SEOUL, March 30 (Yonhap) -- South Korean stocks opened sharply lower Monday as concerns have risen about a broader conflict in the Middle East after Iran-backed Houthi militants in Yemen joined the war.

The benchmark Korea Composite Stock Price Index (KOSPI) opened at 5,181.8, down 257.07 points, or 4.73 percent.

The Houthis fired missiles at Israel over the weekend, warning they would continue operations until attacks on Iran cease. It marked their first military action since the start of the war in the Middle East a month ago.

Following the move, global oil prices climbed as fears of further disruptions to oil supplies intensified.

U.S. President Donald Trump said negotiations with Iran to end the war are under way, but Washington has ordered thousands of troops to move to the region, stoking fears of ground operations.

In this EPA photo, a Houthi soldier mans a machine gun on a pickup truck while on patrol during a rally in solidarity with Iran in Sanaa, Yemen, on March 27, 2026. (Yonhap)

graceoh@yna.co.kr

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Seoul stocks open sharply lower amid broader Middle East crisis fears

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