The South Korean stock market, led by the Kospi index, is experiencing significant declines as the conflict in the Middle East enters a fifth week. Recent tensions, including fears of a wider war and the impact of Iran’s military actions, have caused the Kospi to slide nearly 6%, reaching a level that triggers circuit breakers. Stocks in key sectors like technology and automotives have also felt the pressure, with defense stocks showing some resilience. The domestic market is on edge as uncertainty looms over US-Iran relations, prompting a notable sell-off, particularly in tech stocks like Samsung Electronics. Investors remain cautious, and the won has fallen to a 17-year low amid these geopolitical concerns.