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:
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(END) Dow Jones Newswires
March 04, 2026 04:10 ET (09:10 GMT)
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