empty
 
 

06.03.202601:40:08UTC+00South Korean Shares Slide on Oil Surge

The benchmark KOSPI fell more than 2% to around 5,450 on Friday, pulling back after a sharp rebound in the previous session as climbing oil prices and weaker global risk appetite pressured the market. Escalating conflict involving Iran intensified concerns over potential disruptions to Middle Eastern energy supplies, driving crude prices sharply higher. The surge in oil prices stoked fears of renewed inflationary pressures, particularly for energy-importing economies such as South Korea.

At home, authorities raised an energy supply alert as the government moved to more closely monitor fuel markets amid the recent jump in global oil prices. Sentiment was further dampened by losses on Wall Street, where major US indexes fell more than 1% overnight as investors shifted away from riskier assets. Heavyweight stocks declined, including Samsung Electronics (-3.9%) and SK hynix (-4.4%), as well as SK Square (-6.0%) and HD Hyundai Heavy Industries (-2.3%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback