South Korean Shares Tumble as Middle East Conflict Weighs on Sentiment -- Market Talk
Dow Jones03-03
0711 GMT - South Korean shares tumbled on the first day of trading after Monday's holiday, as the widening Middle East conflict weighed heavily on sentiment. The benchmark Kospi fell 7.2% to close at 5791.91, the sharpest daily decline since Aug. 5, 2024, according to FactSet. The country's stock market regulator briefly suspended trading to ease market volatility following a sharp selloff. Index heavyweight Samsung Electronics lost 9.9%, memory-chip maker SK Hynix slumped 11% while car manufacturer Hyundai Motor retreated 12%. The Korean won weakened against the U.S. dollar on risk-off sentiment. The greenback was recently trading at 1,466.10 won, compared with 1,439.70 won late Friday. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 03, 2026 02:11 ET (07:11 GMT)
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