South Korea’s Kospi index drops more 12% on Mideast worries

SEOUL, South Korea — South Korea’s benchmark Kospi index tumbled more than 12 percent on Wednesday as Middle East turmoil sparked a prolonged sell-off across world markets. The Kospi dropped 12.6 percent to 5,065.14 in early afternoon trade, as investors globally ran to the hills in the wake of the US-Israel bombing of Iran that