Market
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Black Monday hits Asia on oil price surge; Korean won and bonds also crash
SEOUL, March 9 (AJP) — Asian stock markets plunged Monday as fears of a prolonged blockade of the Middle East’s key oil shipping route sent crude prices above $100 a barrel, triggering a broad risk-off selloff across the region. South Korean and Japanese shares suffered the steepest losses in early trading as the prospect of disruptions to energy supplies bound for Asia rattled investors. The benchmark KOSPI dropped as much as 8 percent, retreating to the 5,100 leve
March 9, 2026
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Seoul issues verbal intervention as won hits lowest since global financial crisis
SEOUL, March 09 (AJP) - South Korean authorities issued a verbal intervention Monday as the won weakened to its lowest level since the global financial crisis, with officials warning they would take “appropriate” measures to stabilize financial markets. “The bond yields and the won-dollar exchange rate are showing excessive volatility compared with Korea’s economic fundamentals due to Middle East risks,” Bank of Korea Senior Deputy Governor Yoo Sang-dai
March 9, 2026
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Seoul stocks and won in freefall on oil price surge
SEOUL, March 09 (AJP) - South Korean shares extended a freefall Monday as markets entered the second week of the war in Iran, with the conflict widening after Tehran named the son of slain Supreme Leader Ali Khamenei as the country’s new leader — a move seen as defying the United States and Israel and signaling a prolonged confrontation likely to rattle global energy markets. South Korea’s benchmark KOSPI tumbled 6.65 percent to 5,213.61, while the tech-heavy KOS
March 9, 2026
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Korean markets hardest hit among key markets in first week of Gulf
SEOUL, March 08 (AJP) -South Korea’s financial markets absorbed one of the sharpest shocks among major economies during the first week of the Middle East war, with equities, the currency and bond yields swinging more violently than those of global peers as investors rushed to price in the country’s heavy dependence on Gulf energy supplies. Market data compiled by the Financial Supervisory Service show that Korean assets underperformed most major markets across multiple i
March 8, 2026
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Asian markets end first war week edgy, KOSPI most volatile
SEOUL, March 6 (AJP) — Asian stock markets wrapped up one of their most volatile weeks in recent years as escalating tensions in the Middle East rattled global financial markets and pushed oil prices higher. The wildest swings were seen in Seoul, where panicky selling and frantic bargain-hunting traded places throughout the four-session, war-dominated week. The benchmark KOSPI closed at 5,584.87, down more than 10 percent from a week earlier before the strikes on Iran and
March 6, 2026
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Asian markets ending the first war week muddled
SEOUL, March 06 (AJP) - Asian markets finishing the first week of a new war became muddled Friday amid mixed messages from Washington and the battlefields in the Middle East about how long the conflict could continue and how large the impact on the global economy. Overnight, U.S. equities returned to declines as geopolitical risks surrounding the Iran conflict weighed on investor confidence. The Dow Jones Industrial Average fell 1.61 percent to 47,954.74, while the S&P 500 sli
March 6, 2026
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Equity issues ground to a halt, bond offerings surge in Seoul in Jan
SEOUL, March 06 (AJP) - Stock issues virtually came to a halt in January amid overheat concerns while bond issues — particularly in one- to five-year maturities — surged in Seoul, reflecting fears of borrowing rates going higher. According to the Financial Supervisory Service on Friday, total offerings in Korean equities and bonds in January came to 17.7440 trillion won ($12 billion), down 226.4 billion won, or 1.3 percent, from the previous month. Stock issuance t
March 6, 2026
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KOSPI stages sharp rebound to lead Asian recovery
SEOUL, March 05 (AJP) - Korean stocks led Asia’s rebound Thursday, with the benchmark KOSPI surging nearly 10 percent in a sharp reversal from the previous session’s record plunge, as bargain hunting and program buying drove a broad-based rally in heavyweight shares. The KOSPI closed at 5,583.9, up 490.4 points, or 9.6 percent, after swinging between an intraday low of 5,248.13 and a high of 5,715.3. Turnover reached 44.81 trillion won. The tech-heavy KOSDAQ outperforme
March 5, 2026
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Value-up index hit record highs in pre-war rally in Seoul
SEOUL, Mar 05 (AJP) - The South Korean "Value-up Index", a specialized stock market benchmark launched by the Korea Exchange (KRX) as a centerpiece of the government-led corporate value-up program, reached an all-time high last month. The index was buoyed by a wave of share buybacks, cancellations, and enhanced shareholder return policies, alongside improving earnings across sectors including semiconductors, industrials, and finance. According to the "Monthly Co
March 5, 2026
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Seoul issues strong verbal intervention after two-day rout, markets rebound
SEOUL, March 05 (AJP) -Seoul authorities issued a strong verbal intervention to calm markets Thursday, signaling readiness to deploy large-scale liquidity if needed after the country’s stock market suffered its steepest two-day rout on record following the outbreak of war in the Middle East. Officials reassured investors that Seoul stands ready to tap a 100 trillion won ($75 billion) market stabilization program should financial volatility intensify, as the benchmark KOSPI pl
March 5, 2026