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Transcontinental geopolitical region
The Middle East is a geo-political region that is generally defined as encompassing all of Egypt and all of West Asia except for the Caucasus. It roughly corresponds with what was historically referred to in Western Europe as the Near East, which was juxtaposed with the Far East. Unlike West Asia's adherence to continental boundaries, the Middle East is demarcated by following political borders and consequently includes East Thrace in Southeast Europe because it is a part of Turkey.
More on Wikipedia ↗South Korean shares fell nearly 2% on Monday as renewed Middle East attacks heightened concerns over global energy supplies. Foreign investor selling and losses in chipmakers weighed on the KOSPI, while the won strengthened to its highest level since October 2024.
Asian shares are mixed and oil prices have fallen about $1.50 a barrel as U.S. President Donald Trump
TradingKey - On October 12, South Korean stocks weakened in early trade, with the Korea Composite Stock Price Index (KOSPI) opening down 0.72% at 6,578.17 points, before extending its loss to 1.35% at 6,536.77 points. Japanese stock markets were closed for a public holiday.