investment

South Korean Stocks Sink as Global Funds Sell on Iran War Risks

Winnie Hsu

1 min read

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⚡ Quantum Brief

South Korean stocks suffered their sharpest drop in years, with the Kospi index plunging 8.8% on March 9, 2026, triggering a 20-minute trading halt amid escalating Middle East tensions. Global investors dumped South Korean equities as Iran war risks spiked oil prices, forcing a broad market sell-off and heightened risk aversion across Asia. Tech giants Samsung Electronics and SK Hynix led declines, each dropping over 10%, amplifying the benchmark index’s losses due to their heavy weighting in the market. The oil price surge, driven by geopolitical instability, worsened economic outlooks, prompting foreign funds to accelerate capital outflows from South Korea’s export-dependent economy. Analysts warn prolonged conflict could deepen market volatility, further straining semiconductor and manufacturing sectors already facing global demand slowdowns.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:South Korean equities fell, as escalating Middle East tensions and rising oil prices prompted investors to further reduce risk exposure.The Kospi plunged as much as 8.8% Monday, leading losses in Asia. Trading was haltedBloomberg Terminal for 20 minutes during morning trading on the steep losses. Chip heavyweights Samsung Electronics Co. and SK Hynix Inc. were again the biggest drags on the benchmark index, declining more than 10% each.

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Source: Bloomberg

Website: https://feeds.bloomberg.com/markets/news.rss

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