Kospi drops 5% as oil spikes ahead of FOMC minutes
after close1 source ↓written by the desknot a recommendation
- The Kospi fell
- 5.35%
- 7,246.80
- lowest level
- 20 May
- SK Hynix dropped
- 6.25%
- 5.68%
The Kospi fell 5.35% to 7,246.80, triggering a circuit breaker, marking its lowest level since 20 May. Major stocks like Samsung and SK Hynix dropped 6.25% and 5.68%, respectively. Meanwhile, oil surged 5% following US sanctions on Iran, intensifying market volatility ahead of the FOMC minutes release at 2 PM ET.
Not investment advice. For informational purposes only.