Kospi drops 5% as oil spikes ahead of FOMC minutes
pre-market1 source ↓written by the desknot a recommendation
- Korea's Kospi fell
- 5.35%
- 7,246.80
- saw declines
- 6.25%
- 5.68%
- following US sanctions
- 5%
South Korea's Kospi fell 5.35% to 7,246.80, triggering a circuit breaker, marking its lowest level since May 20. Major players like Samsung and SK Hynix saw declines of 6.25% and 5.68%, respectively. Meanwhile, oil prices surged 5% following US sanctions on Iran, raising concerns over supply disruptions. 📉⚡
Not investment advice. For informational purposes only.