General · 4 March 2026
South Korea stocks plunge ten percent amid war
Asian markets crashed on Wednesday while crude costs rose due to the conflict involving the US, Israel, and Iran. South Korea’s Kospi index experienced a massive ten percent drop, triggering an emergency stop to trading to prevent panic. Global energy transport has stalled near the Strait of Hormuz because of threats against vessels in the area. President Trump promised naval protection for shipping companies to maintain fuel supplies.
Reported by BBC · How we write briefs