Global Market: South Korean Stocks Fall over 1% as Middle East Tensions Weigh on Risk Sentiment

Global Market: South Korean stocks fall over 1% as Middle East tensions weigh on risk sentiment

South Korean shares fell over 1% on Thursday as escalating Middle East tensions and attacks near the Strait of Hormuz weighed on investor sentiment. The KOSPI declined 1.37%, with major technology and heavyweight stocks including Samsung Electronics, SK Hynix and Samsung BioLogics falling, while foreign investors remained net sellers.

KOSPI loses 7,000 in 24 hours as oil and yields hammer Korean stocks

South Korean stocks fell sharply on Thursday as Brent crude held above $100 a barrel, pushing the KOSPI back below the 7,000 mark just a day after it reclaimed the level for the first time in more than a month. The benchmark was down 1.28% at 6,961.23 by late morning in Seoul. Samsung Electronics fell 1.3%, SK Hynix slipped 0.59%, Hyundai Motor lost 1.55% and LG Energy Solution dropped 2.83%. Foreign investors sold a net 496.4 billion won of sha…

Korea Stock Market (KRX) Today (September 10): Why is the Korean Stock Market Down Today? KOSPI Falls 1.28% as Oil Tops $100 Amid Middle East Tensions – Check Top Gainers & Losers

Korea Stock Market Today: KOSPI falls as oil tops $100 amid Middle East tensions. Check Samsung Electronics, SK Hynix, KOSDAQ, top gainers, losers and key market risks for investors.