Author: Far Stream Investment Review South Korean stocks recently have been like Chimelong's "ten-loop roller coaster." At the end of February, the US-Israel-Iran conflict erupted, and global stock markets weathered the first trading day on March 2nd under the expectation of "Trump speedrunning Iran," except South Korean stock markets were closed all day on that day due to a holiday. When it resumed trading on March 3rd, the expectation of a "swift resolution" in the Middle East situation had done a complete 180-degree reversal. The Strait of Hormuz, trapped in a blockade, directly threw the global oil and gas markets into chaos, while KOSPI, the South Korean Composite Index, which had been the darling since the start of 2026, plummeted into a relentless decline. On March 3rd, South Korea's KOSPI hit the circuit breaker at one point, ultimately dropping more than 7%, and the next day continued to trigger circuit breakers again, closing with a single-day decline of 12.06%, creating the largest drop in history. March