South Korean Stocks Rise on Tech Gains Amid U.S.-Iran Airstrike Escalation

South Korean stocks rose for the second consecutive session on gains in tech shares, with the benchmark Korea Composite Stock Price Index closing at 6,835.80, up 15.78 points, or 0.23 percent. The local currency lost value against the U.S. dollar. The market opened 0.52 percent lower, reflecting concerns over global market volatility following resumed military clashes between the United States and Iran. Escalating tensions in the Middle East followed a resumption of airstrike exchanges between the United States and Iran. The Korean market reacted to the geopolitical developments, with investors favoring tech stocks amid uncertainty. The won weakened against the dollar, indicating investor caution and potential capital outflows. The Korean market's performance was influenced by global market conditions, including Wall Street's overnight losses. Despite the geopolitical risks, tech stocks remained a key driver of the market's upward movement.