Seoul shares open lower on inflation, Mideast woes

Seoul shares opened lower on Monday due to losses in technology stocks and concerns about inflation. Elevated oil prices and the escalating Middle East crisis are contributing to these worries, which are affecting the market. This decline in the Korea Composite Stock Price Index (KOSPI) is significant, as it fell 0.72 percent at the opening bell. The market's drop is unexpected, given the overnight gains on Wall Street, where the Dow Jones Industrial Average and the Nasdaq Composite both rose slightly.

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Seoul shares are lower due to inflation concerns and Mideast woes. Elevated oil prices and escalating tensions are weighing on the market.

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