Korea Economic Daily

KOSPI revives just before ‘5,000’ breaks KOSDAQ briefly falls below 1,000 With signs that the Middle East crisis could escalate and drag on, South Korean stocks are in free fall. The KOSPI fell sharply, at one point posting an intraday decline of 12.

Australia has more than 30 days’ supply…Thailand and the Philippines 60 days Asia-Pacific nations stress they have sufficient oil inventories As concerns grow that Iran’s blockade of the Strait of Hormuz could be prolonged by the war, Southeast Asian

KOSPI plunges more than 12%… touches the 5,050 level Bloomberg reported that South Korea’s KOSPI, which had been posting the world’s best gains, has plunged for a second straight session amid the Middle East crisis, tipping the market into “panic.” A

After a punishing February, U.S. stocks are now confronting a major geopolitical risk: the Iran war. U.S. President Donald Trump has unnerved investors hoping for a quick end, saying of military operations against Iran, "I don't care how long it take

David Solomon, CEO of Goldman Sachs, said it would take two to three weeks for financial markets to fully digest the Middle East-driven crisis. According to Reuters on the 4th (local time), Solomon said in a speech at an event in Sydney, Australia, t

U.S. side: “You already have $1 trillion—why isn’t that enough?” Koo Yun-cheol, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, said on the 4th that the United States had rejected the South Korean government’s proposal

Trading on both benchmark markets halted for 20 minutes Fallout from the outbreak of war between the United States and Iran sent the KOSPI and KOSDAQ plunging more than 8%, triggering circuit breakers that temporarily halted trading on both markets.

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol said on the 4th regarding the exchange rate that he is “monitoring it by checking it day by day with a heightened sense of vigilance.” Koo made the remarks in response to a relat

[Breaking] KOSDAQ circuit breaker triggered as stocks plunge Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com

[Breaking] Sell-side sidecar triggered on KOSDAQ as well Noh Jeong-dong, Hankyung.com reporter dong2@hankyung.com

Emphasized at Woori Financial’s 'Middle East issue review meeting' Urged affiliates to conduct thorough risk checks Yim Jong-ryong, chairman of Woori Financial Group, instructed employees to closely monitor the recent sharp rise in the exchange rate.

"Will respond with the government if needed" Bank of Korea Governor Rhee Chang-yong postponed an overseas trip and convened an emergency meeting early on the 4th to address the won-dollar exchange rate after it climbed above 1,500 won per dollar. Rhe

[Breaking] KOSPI plunges…sell-side circuit breaker triggered for second straight day Shin Min-kyung, Hankyung.com reporter radio@hankyung.com

[Breaking] Won-dollar exchange rate opens up 12.9 won at 1,479…1,480 level in sight Roh Jeong-dong, Hankyung.com reporter dong2@hankyung.com

[Breaking] KOSPI Opens Below 5,600 on Middle East Shock Shin Min-kyung, Hankyung.com reporter radio@hankyung.com

Woori Bank on the 4th presented an expected trading range for the won/dollar exchange rate of 1,477–1,490 won. This is because risk appetite has diminished, supporting the dollar. Min Kyung-won, an economist at Woori Bank, said, "With a global risk-o

Korean stocks on the 4th are expected to face renewed downside pressure following the previous session’s “Black Tuesday.” The drag comes as spillover effects from a potential closure of the Strait of Hormuz intensify amid the continuing war between t

US President Donald Trump is considering supporting Kurdish armed groups to overthrow Iran’s regime, The Wall Street Journal (WSJ) reported on the 3rd (local time), citing multiple US government officials. According to the report, President Trump spo

Hormuz blockade triggers panic selling Wall Street’s three major stock indexes fell. With a full-scale war between the U.S. and Iran continuing, the Iranian military’s move to block the Strait of Hormuz stoked panic selling. On the 3rd (local time),

U.S. President Donald Trump said on the 3rd (local time) that he plans to announce new differential tariffs for countries around the world, claiming that all of those nations want to keep their existing trade deals with the United States. Speaking to

U.S. stocks fell across the board on concerns that tensions in the Middle East could be prolonged. On the 3rd (local time) at the New York Stock Exchange, the Dow Jones Industrial Average fell 0.83% and the Standard & Poor’s (S&P) 500 declined 0.94%.

The won-dollar exchange rate briefly surged above 1,500 won in overnight trading, hitting its highest level since the global financial crisis. At 2 a.m. on the 4th (Korea time), the won-dollar rate closed at 1,485.7 won, up 46 won from the previous s

South Korea’s 10-year at 3.570%; 10-year sovereign yields in major countries up 6bp to more than 10bp “Inflation fears overwhelm safe-haven demand” The U.S.-Israel war against Iran is stoking inflation fears across global financial markets. As a resu

Energy importer Japan’s yen, once a strong safe haven, weakens "FX markets will, for now, be driven by whether economies are energy-independent" The dollar, which had extended its weakness since last year and seen its safe-haven status significantly

Eisman: "Won’t change my investment strategy" Steve Eisman, the investor best known for the film 'The Big Short,' said in connection with a potential U.S.-Iran war that investors need not overreact to short-term shocks and that it could be positive f

U.S.: "The war could last another 4–5 weeks"…signaling a protracted conflict with Iran U.S. concentrates strikes on Iran’s naval power and more Iran mounts fierce retaliation…6 U.S. troops killed Trump hints at deploying 'ground troops' Ammunition an

10-year yield posts biggest rise since June Global oil prices jump on Middle East tensions US gasoline prices also move above $3 With oil prices surging in the wake of the US attack on Iran, concerns are spreading that inflation in the United States

Posting bid and ask quotes for digital assets Supplying liquidity to curb market distortions Financial authorities are moving to swiftly introduce a “market maker (MM)” regime to provide liquidity to the crypto market. The idea is that professional i

As Iran has played the card of closing the Strait of Hormuz—a key crude shipping lane—as a retaliatory measure to US attacks, China, which is heavily dependent on Middle Eastern crude, is also closely monitoring the fallout. On the 2nd (local time),