▲ A financial board at a dealing room of Hana Bank in Seoul on June 19, 2026 (Yonhap)

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Seoul shares open lower amid Iran peace talks uncertainty

SEOUL, June 22 (Yonhap) -- South Korean stocks opened lower Monday as uncertainty over U.S.-Iran peace negotiations intensified following U.S. President Donald Trump's continued threats on Tehran.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 97.99 points, or 1.08 percent, at 8,954.43 at the opening bell.

Overnight, the United States and Iran started negotiations in Switzerland, but soon Iran halted talks after Trump threatened strikes on Iran if Hezbollah keeps attacking Israel.

Tehran earlier said it will close the Strait of Hormuz over Israel's ongoing military campaign in Lebanon against the Iranian-backed Hezbollah militant group, citing the interim 60-day deal that stops conflict on all fronts.

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