Korean stock market, staying calm is not easy.
Author: Yuanchuan Investment Review
South Korea's stock market recently has been like the "ten-loop roller coaster" at Chimelong.
At the end of February, as the US-Israel-Iran conflict erupted, global stock markets withstood the first trading day on March 2 amid expectations of a "rapid escalation in Iran," except that the Korean stock market was closed all day due to a holiday.
When trading resumed on March 3, the expectation of a "quick resolution" in the Middle East had completely reversed. The blockade of the Strait of Hormuz directly caused chaos in the global oil and gas markets, while the KOSPI (Korea Composite Stock Price Index), which had been performing strongly since the beginning of 2026, plunged into a relentless decline.
On March 3, the KOSPI briefly hit the circuit breaker, ultimately falling over 7%. The next day, it continued to fall to the circuit breaker again, with a daily decline of 12.06% at closing, marking the largest single-day drop in history.
PANews·15h ago



