From record highs to 13% fall: How Middle East crisis hit South Korean benchmark Kospi

2026-03-04 - 08:03

South Korea's Kospi index experienced a dramatic 12% tumble, triggering a trading suspension after a significant sell-off led by market heavyweights. This sharp decline follows a previous session's fall amid escalating Middle East tensions, raising questions about whether it's a pause or a turning point for the AI-fueled rally.