The main Kospi bourse fell 1.63 percent on Friday to close at 2,591.86 as investors shed risky assets with worsening tension in the Middle East.
The Kospi plummeted nearly 3 percent in mid-trading on Friday, dipping below the 2,560 mark for the first time since February.
Stocks started sharply lower Friday amid expectations over a delay in U.S. interest rate cuts this year.
Stocks soared almost 2 percent Thursday as investors bought bargains after four consecutive sessions of decline amid ongoing geopolitical risks in the Middle East and speculation about delays in U.S. interest rate cuts.
Stocks started higher Thursday as investors hunted for bargains following a recent decline amid speculations over a potential delay in U.S. interest rate cuts this year.
The Kospi plunged 25.45 points, or 0.98 percent, to close at 2,584.18.
Stocks started higher Wednesday as investors hunted for bargains following a sharp slide the previous day sparked by escalating tensions in the Middle East.
Stocks started sharply lower Tuesday tracking overnight losses on Wall Street amid the escalating tension between Israel and Iran.
Korea’s stock market retreated and the won reached its weakest point against the greenback in 17 months on Monday as tensions in the Middle East escalated following Iran’s recent strikes against Israel.
Stocks started sharply lower Monday amid growing geopolitical instability in the Middle East sparked by Iran's missile and drone strikes against Israel.
Korea JoongAng Daily Sitemap