Seoul shares fall for 2nd day on foreign selling amid renewed Hormuz tensions

AI Summary

Across the supplied reports, Iran’s 7% Hormuz toll could mint $100+ billion a year — bigger than Nvidia, Apple, or a third of Iran’s entire economy — without pumping a single barrel Seoul shares ended lower for a second straight session Friday, weighed down by foreign selling as renewed tensions in the Middle East dampened investor sentiment. The Korean won rose against the US dollar. After opening 1.09 percent higher, the benchmark Korea Composite Stock Price Index fell 37.61 points, or 0.6 percent, to close at 6,258.77, after dropping as low as 6,158.73. Trade volume was light at 297.18 million shares worth 24.3 trillion won ($17.1 billion), with winners outnumbering lose Zimbabwe’s dollar-denominated stock exchange plans to increase its market value by 25% over the next year as it rolls out new products, including a venture board to help junior mining and exploration companies raise c