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    "headline": "South Korean Stocks Tumble 4% on US-Iran Tensions and Oil Prices",
    "dek": "South Korean stocks fell 4% as US-Iran tensions drove up oil prices and inflation fears.",
    "prose": "South Korean stocks tumbled 4 percent on Wednesday as renewed hostility between the United States and Iran pushed up crude prices and fueled inflation worries. [^1]\n\nThe Korean won fell to 1,359.8 per dollar on Wednesday, marking its lowest level in 14 months. [^2]\n\nSeoul shares closed higher on Thursday, with the benchmark Korea Composite Stock Price Index (KOSPI) rising 16.76 points, or 0.26 percent, to end at 6,579.48. [^3]\n\nFederal Reserve Governor Christopher Waller signaled a cautious approach to further monetary tightening, easing concerns that the U.S. central bank could resume rate hikes. [^4]\n\nSeoul stocks opened higher on Friday, tracking overnight gains on Wall Street as investor concerns over further U.S. interest rate hikes eased. [^5]\n\nExport firms sold dollars due to strong performance in sectors like semiconductors, contributing to the won's decline. [^6]\n\nThe Japanese yen strengthened against the dollar, with the exchange rate falling to the 158 yen range overnight. [^7]\n\nUS Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda and Japanese Finance Minister Satsuki Katayama to urge interest rate hikes and stable yen management. [^8]",
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