South Korea's Kospi Plunges 8% Amid Gulf Tensions and Soaring Oil Prices
L'essentiel
- South Korea's Kospi index dropped 8% to a trading halt on Monday due to escalating Gulf conflict and rising oil prices.
- Major AI-heavyweights SK Hynix and Samsung Electronics led the selloff, pushing the index into bear market territory, despite remaining the world's best-performing major stock market in 2026.
Résumé généré par IA
South Korea's Kospi index dropped 8% to a trading halt on Monday due to escalating Gulf conflict and rising oil prices. Major AI-heavyweights SK Hynix and Samsung Electronics led the selloff, pushing the index into bear market territory, despite remaining the world's best-performing major stock market in 2026.