Korean Stocks Post Record Slide on Mideast Conflict Concerns -- WSJ

Dow Jones
Mar 04

By WSJ Staff

South Korea's benchmark stock index plunged Wednesday, notching its steepest daily drop on record.

-- The Kospi composite slid 12.1% to 5093.54.

-- That marked the biggest one-day percentage decline on record, according to Dow Jones Market Data going back to 1985.

-- Wednesday's fall takes the gauge's losses over the past two days to around 18%. Korean markets were shut on Monday.

-- Shipping stocks were among the top decliners amid concerns about higher fuel costs and the safety of commercial vessels passing through the Strait of Hormuz.

-- Other stocks that posted losses include Hyundai, Samsung Electronics and SK Hynix.

-- The Kospi's decline marks a reversal for one of Asia's best-performing stock markets of 2026.

-- Before this week's selloff, the gauge was up 48% for the year.

-- More on the index:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 04, 2026 04:10 ET (09:10 GMT)

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