South Korea’s benchmark Kospi index opened 1.08% lower on Monday, reflecting renewed investor caution amid unresolved US-Iran peace negotiations.
The decline marks a continuation of the risk-off sentiment that has plagued Asian markets this week, as traders digest the lack of progress in diplomatic efforts to end the ongoing conflict.
The sell-off in Seoul follows a broader regional downturn, with European markets also opening in negative territory earlier in the session.
The FTSE 100 and Germany’s DAX both faced downward pressure as traders remained skeptical about the prospects for a near-term ceasefire deal.
This cross-market correlation underscores how deeply geopolitical uncertainty is now embedded in global equity valuations.
US-Iran talks in Switzerland have extended through the night without a breakthrough, leaving markets exposed to further volatility.