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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\nSouth Korean stocks traded sharply lower late Wednesday morning, weighed down by escalating military tensions in the Middle East. [^2]\n\nThe benchmark Korea Composite Stock Price Index (KOSPI) was trading down 195.54 points, or 2.86 percent, to 6,640.26 as of 11:20 a.m. on September 2, 2026. [^3]\n\nThe Korean won fell to 1,359.8 per dollar on Wednesday, marking its lowest level in 14 months. [^4]\n\nExport firms sold dollars due to strong performance in sectors like semiconductors, contributing to the won's decline. [^5]\n\nThe Japanese yen strengthened against the dollar, with the exchange rate falling to the 158 yen range overnight. [^6]\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. [^7]",
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