Commodities
Kospi Crashes Amid Escalating US-Iran Tensions
The Kospi index in South Korea plummeted by 2.7% to 6,651.07 on September 2 as global markets responded to escalating hostilities between the United States and Iran.
Oil prices surged following renewed military attacks, which revived concerns about inflation worldwide.
The Dow Jones Industrial Average and S&P 500 also fell by 0.79% and 0.71%, respectively, while the tech-heavy Nasdaq composite dropped 1.03%
Major South Korean stocks like Samsung Electronics, SK hynix, Hyundai Motor, and Doosan Enerbility slid between 3.01% to 3.87%, with retail giant Shinsegae dipping by 6.08%