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BitcoincomNews · 2026-03-03T07:05:33+00:00

South Korea’s KOSPI index fell 7.23% upon reopening, erasing ₩390 trillion ($270 billion) in value due to fears of oil supply disruptions and global uncertainty following increased Middle East tensions.

BitcoincomNews

2026-03-03 07:05:33

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March 3, 2026 06:42:08 UTC

Korean Stocks Plunge as Market Reopens

South Korea’s stock market suffered a sharp fall on reopening, with the KOSPI dropping 7.23% and wiping out about ₩390 trillion ($270 billion) in market value. The sell-off marks the biggest single-day decline since the August 2024 yen carry trade shock. Markets had been closed on Monday for a holiday, making this the first trading session since the rising Middle East tensions. Heavy selling was driven by fears over oil supply disruptions and growing global uncertainty.

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