Wall Street Rebounds While South Korean Stocks Suffer Record Fall

Wall Street and European markets rebounded on Wednesday after US and Israeli strikes on Iran initially triggered global volatility.South Korea's Kospi Index suffered its worst-ever single-day decline, plunging 12.1% as investors feared energy disruptions to the economy.Treasury Secretary Scott Bessent announced that Donald Trump's administration is working to stabilize Persian Gulf oil flows to reassure investors.While Brent crude prices moderated near $81 per barrel, technology stocks such as Moderna saw significant gains during the trading session.