Market

  • Middle East turmoil pounds Korean stocks and won for second session
    Middle East turmoil pounds Korean stocks and won for second session SEOUL, March 04 (AJP) - South Korean shares extended their downward spiral in the aftermath of the Middle East crisis, losing more than 5 percent at the opening bell Wednesday following Tuesday’s rout. South Korea’s benchmark KOSPI tumbled 6.09 percent to 5,444.51 on panicky retail selling after a 7.24 percent plunge in the previous session. The retreat later eased to around 3 percent by about 9:20 a.m., as foreign and local institutional investors moved to scoop up la March 4, 2026
  • Middle East Crisis: Brewing oil shock sparks tantrum across Seoul markets
    Middle East Crisis: Brewing oil shock sparks tantrum across Seoul markets SEOUL, Mar 03 (AJP) - Oil supply disruption following the closure of the Strait of Hormuz — the critical artery through which most Middle Eastern crude flows to Asia — is raising fears of another wave of currency volatility and fuel-driven inflation, analysts warned. Iran’s Revolutionary Guards declared the waterway shut, threatening to “set on fire” vessels entering waters bordering Iran. The strait handles roughly 20 percent of global oil supplies a March 3, 2026
  • Middle East Crisis: Is Seouls market binge over — or will it survive?
    Middle East Crisis: Is Seoul's market binge over — or will it survive? SEOUL, March 03 (AJP) — Is the two-year bull run in Seoul finally running out of steam, or will the market once again absorb an oil shock and move on? Tuesday’s verdict was brutal. The KOSPI plunged 7.24 percent to 5,791.91, while the tech-heavy KOSDAQ fell 4.62 percent to 1,137.70 — one of the sharpest single-day routs in recent memory. History offers some comfort. In six major Middle East military crises since 2000, the KOSPI was March 3, 2026
  • KOSPI rolls back seven days along with sliding Asian markets
    KOSPI rolls back seven days along with sliding Asian markets SEOUL, March 03 (AJP) - Asian markets extended losses while Korean market took the biggest fall Tuesday as rising tensions between the United States, Israel and Iran pushed oil prices higher and kept regional risk sentiment fragile. Brent crude climbed to $80.35 per barrel, up from $77.7 a day ago, as concerns grew over potential disruptions through the Strait of Hormuz, a vital corridor for global energy shipments. The waterway accounts for roughly one-fifth of global seaborne cr March 3, 2026
  • Asian markets stay low, KOSPI down nearly 3% but defense stocks fly
    Asian markets stay low, KOSPI down nearly 3% but defense stocks fly SEOUL, March 3 (AJP) — Asian markets remained lower Tuesday as the region is expected to bear the collateral damage from the closure of the Strait of Hormuz responsible for 70 to 90 percent of fuel imports from the Middle East. The Seoul bourse was heavily volatile, with the KOSPI swinging between 6,180 and 6,040.60 amid a tug-of-war between retail buying and foreign selling. As of 11:10 a.m., the benchmark index was down 2.89 percent at 6,063.39. On the secondary bourse, t March 3, 2026
  • Middle East Crisis: BOK to maintain 24/7 monitoring
    Middle East Crisis: BOK to maintain 24/7 monitoring SEOUL, March 3 (AJP) - The Bank of Korea said on Tuesday it will maintain around‑the‑clock monitoring with its overseas offices and discuss potential fallout from the U.S. and Israeli airstrikes on Iran dubbed "Operation Epic Fury." In a meeting chaired by its chief Rhee Chang‑yong, officials discussed global developments since last Saturday's airstrikes, as well as potential volatility in financial markets. With the country's financial and foreign exchang March 3, 2026
  • Middle East Crisis: Seoul stocks and currency open 2% lower on fuel jitters
    Middle East Crisis: Seoul stocks and currency open 2% lower on fuel jitters SEOUL, March 3 (AJP) — South Korean markets, returning from a long weekend, opened sharply lower Tuesday as investors moved to price in rapidly escalating tensions in the Middle East following U.S.-Israeli strikes on Iran and the growing risk of prolonged disruption to energy supplies. The benchmark KOSPI fell 2.60 percent at the open to 6,081.92, while the tech-heavy KOSDAQ dropped 2.57 percent to 1,162.17. The disruption of the Strait of Hormuz — which handles rou March 3, 2026
  • Asian markets reel from Iran strikes as Seoul bourse remains closed for holiday
    Asian markets reel from Iran strikes as Seoul bourse remains closed for holiday SEOUL, March 2 (AJP) - South Korea's stock market remained closed on Monday in observance of a makeup holiday for March 1 Independence Movement Day, leaving investors to monitor developments in regional markets following the U.S.-led military strikes against Iran over the weekend. Most Asian markets opened lower amid heightened tensions in the Middle East following a joint air strike by the U.S. and Israel that killed Iran's Supreme Leader Ayatollah Ali Khamenei to end his 3 March 2, 2026
  • Korea, Japan end lower Fri after stunning February
    Korea, Japan end lower Fri after stunning February SEOUL, February 27 (AJP) - Asian equities diverged Friday as chip-heavy markets in South Korea and Japan retreated following a reassessment of AI earnings momentum, while sentiment improved modestly in China-related markets ahead of next week’s pivotal Two Sessions. In Seoul, the benchmark KOSPI fell 1.0 percent, or 63.14 points, to close at 6,244.13, after swinging between a high of 6,347.4 and a low of 6,153.9. The pullback followed a near-uninterrupted rally since Feb. 9. February 27, 2026
  • NPS enjoys record returns on two-year KOSPI rally
    NPS enjoys record returns on two-year KOSPI rally SEOUL, February 27 (AJP) -South Korea’s National Pension Service (NPS) posted a record annual investment return of 18.82 percent in 2025 — the highest since its establishment in 1988 and outperforming major global pension peers — driven by an exceptionally strong domestic equity rally. The double-digit return generated 231.6 trillion won in earnings, nearly five times its annual pension payout of 49.7 trillion won, and lifted total assets under management to 1,4 February 27, 2026