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Seoul stocks plunge over 12% amid Middle East tensions
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Seoul's stock market plunged for a second day, with the KOSPI index falling 12.06% to close at 5,093.54 amid fears of economic fallout from the Middle East conflict. The Korean won weakened sharply against the U.S. dollar, trading at 1,476.20 won, down 10.1 won. The downturn followed U.S. and Israeli strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei.