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Stock Market News Today Live Updates: A major gap-down opening is likely for Indian equities as oil prices surged above $105 per barrel.
Korean won drops to near 2-month low after volatile week amid Middle East crisis Yonhap News Agency
Seoul shares surged more than 2 percent Tuesday, closing at a fresh record high above the 5,900-point mark, driven by strong gains in technology shares. The Korean won fell against the US dollar.
Stocks and currencies have seen steep losses, with the MSCI equity index posting its biggest weekly drop in six years, and bond yields have jumped.
Seoul shares plunged over 12 percent Wednesday to close below the 5,100-point mark amid growing concerns over the economic fallout from the Middle East conflict. The Korean won fell sharply against the U.S. dollar. The Korea Composite Stock Price Index extended its losses, tumbling 698.37 points, or 12.06 percent, to close at 5,093.54, following a plunge of over 7.24 percent the previous session. The Korea Exchange triggered circuit breakers shortly after the KOSPI fell more than 8 percent amid
Hizeaero has announced that it has won a significant order valued at 78 billion Korean Won.
The Korean won is poised for a rebound, making the deeply undervalued currency an appealing bet for investors, particularly when paired against the overvalued Thai baht, according to a seasoned foreign exchange strategist. Before the US-Israeli strikes on Iran that rattled global markets earlier this month, the Korean equity market had been booming; the benchmark Kospi briefly topped the 6,300 level for the first time, roughly doubling from a year earlier. Despite the rally in stocks, the local
The Kospi plunged 8 per cent on Wednesday (Mar 4), extending a steep selloff from the previous day as the escalating war in the Middle East rattled investor sentiment.
The South Korean won is experiencing the most significant losses among various Asian currencies.