Seoul shares tumble 4% on renewed US-Iran tensions; won strengthens

South Korean stocks tumbled 4 percent Wednesday as renewed hostility between the United States and Iran pushed up crude prices and fueled inflation worries. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index closed at 6,562.72, down 273.08 points, or 3.99 percent, ending a two-session winning streak. Overnight, the US launched a new round of airstrikes against Iranian targets around the Strait of Hormuz, driving oil prices higher and fanning inflation worr