Korea Economic Daily

The Bank of Korea (BOK) on the 9th assessed that the recent surge in government bond yields and the won-dollar exchange rate has diverged from Korea’s fundamentals. The BOK also issued remarks tantamount to verbal intervention, saying it would take a

KOSPI trading resumes… 'circuit breaker lifted' Young-gi Jin, Hankyung.com reporter young71@hankyung.com

Fallout from the Iran situation sent the KOSPI sharply lower, triggering a circuit breaker. The KOSDAQ market also saw a sell sidecar (temporary suspension of program sell orders) activated. The Korea Exchange said in a filing that a circuit breaker

Airline stocks are plunging across the board, weighed by the twin headwinds of higher oil prices and a weaker exchange rate. As of 9:47 a.m. on the 9th, T'way Air was trading at 1,067 won, down 122 won (10.26%) from the previous session’s close. Kore

The KOSPI plunged shortly after the open on the 9th, triggering a sell-side circuit breaker (temporary suspension of program sell orders). As of 9:30 a.m., the KOSPI was down 6.99% from the previous session, trading at 5,196.05. According to the Kore

Sell-side circuit breaker triggered as KOSPI plunges Jin Young-gi, Hankyung.com reporter young71@hankyung.com

‘iShares MSCI Korea’ (EWY) Plunged 6.42% overnight With global oil prices climbing above $100 a barrel and U.S. stock index futures sliding sharply, South Korea’s stock market on the 9th is increasingly likely to see roller-coaster trading. Last week

Energy companies up 26% while the S&P 500 falls U.S. stocks also outperform Europe, South Korea and Japan After Iran’s attack forced the world’s largest liquefied natural gas (LNG) export facility to halt operations, global natural gas prices have su

Iran’s Islamic Revolutionary Guard Corps vows ‘loyalty’ to Mojtaba as new supreme leader [Reuters] Ji-hee Yoo, Hankyung.com reporter keephee@hankyung.com

Iran’s Assembly of Experts, the body charged with selecting the country’s supreme leader, has chosen Mojtaba Khamenei, the second son of the late Supreme Leader Ayatollah Seyyed Ali Khamenei, as the next supreme leader. Reuters and AFP reported on th

U.S. market open Brought forward by 1 hour due to daylight saving time This week’s New York stock market (March 9–13) is expected to see direction set by moves in international oil prices tied to the Iran war. If West Texas Intermediate (WTI), which

Russia is reaping the biggest benefits from the surge in oil prices triggered by the war between the United States and Israel and Iran. The Wall Street Journal (WSJ) reported on the 7th (local time) that Russian oil is emerging as a sought-after comm

Crypto Now Investors watch from the sidelines amid 'further downside concerns' The Fear & Greed Index, a key gauge of investor sentiment in the crypto-asset market, has fallen back into the 'extreme fear' zone. As risk appetite freezes, analysts say

Next-generation AI accelerator ‘Vera Rubin’ selects HBM4 suppliers K-semiconductors seize the initiative in the ‘HBM war’ Samsung gains the upper hand, ships early volumes SK hynix in final-stage optimization As early as this month, HBM4 ‘simultaneou

Middle East-driven oil-price 'shock'... 'S' fears spread Prolonged US-Iran war... stagflation alarm bells Kuwait, UAE cut crude output... WTI breaks above $90 US labor market cools... domestic gasoline prices jump in the 10% range Middle Eastern coun

Prolonged U.S.-Iran war…stagflation alarm bells Kuwait, UAE cut crude output…WTI breaks above $90 U.S. job market slows…domestic gasoline prices jump more than 10% As fallout from the blockade of the Strait of Hormuz triggered by the U.S.-Iran war, M

Output cuts decided in succession amid safety concerns Middle East accounts for 8% of global smelting capacity International aluminium prices have jumped to the highest level in four years. The rise reflects a string of production disruptions stemmin

National average gasoline price at 1,895 won per ℓ…up 5.9 won from the previous day Seoul gasoline at 1,945 won…rise continues but gains are limited Diesel at 1,917 won per ℓ…still remains priced higher than gasoline As surging oil prices prompt the

Refund-eligible amount reaches $166 billion US Customs and Border Protection (CBP) said it cannot immediately carry out an order to refund the reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which the US Supr

Indirect criticism of the U.S. and Israel at NPC-CPPCC press briefing Dials back U.S. criticism, stresses global multipolarity "Multipolarity and coexistence are the rightful international configuration" Wang Yi, China’s top foreign-policy official a

Takes a hard line against Japan after it hinted at “intervening in a Taiwan contingency” Wang Yi, China’s foreign minister (pictured), delivered a message implicitly criticising the United States, calling the Iran war—sparked by U.S. and Israeli atta

As the war between the U.S. and Israel on one side and Iran on the other escalated, Iran moved to block shipping through the Strait of Hormuz, prompting Gulf producers to begin cutting output in quick succession. With export routes effectively shut,

Ali Larijani, Iran’s top security official and secretary of the Supreme National Security Council, claimed that US soldiers have been taken prisoner. On the 8th (local time), Larijani wrote on X (formerly Twitter), “I have received reports that sever

As oil prices surge and the government considers designating price ceilings, the upward trend in fuel prices at gas stations nationwide appears to be easing somewhat. According to Opinet, the Korea National Oil Corporation’s oil price information sys

Israeli Prime Minister Benjamin Netanyahu said in a televised address on the 7th (local time) that Israel will "continue strikes with full force to root out Iran’s regime," adding that "Israel has complete control of the skies over Tehran." According

U.S. President Donald Trump pointed to Iran as being behind an attack on an Iranian girls’ elementary school last month in which multiple students were reportedly killed. Speaking aboard Air Force One on the 7th (local time), Trump said, “I think Ira

NH Investment & Securities sets KOSPI range at 5,400–6,000 “Short-term volatility is unavoidable, but an oversold-led rebound is expected first” With the KOSPI retreating to the 5,500 level, the Iran situation is expected to remain a key variable for

"Virtually no vessels available to transport crude oil and petroleum products due to fallout from armed clashes" Kuwait has decided to curb oil production after taking into account Iran’s move to block the Strait of Hormuz amid the war in the Middle

Only hours after Iranian President Masoud Pezeshkian apologized to Gulf countries and said he would halt attacks, Gulf states including Bahrain, the United Arab Emirates (UAE) and Qatar were hit in successive Iranian strikes. According to reports fro