S Korean stocks see worst selloff in 2 yrs amid Middle East war

The primary benchmark for the South Korean stock market, KOSPI, sank 7.2% in its worst session since August 2024. "An extended conflict involving Iran risks keeping crude prices elevated," said Jung In Yun, CEO at Fibonacci Asset Management Global. The drop shaved around $170 billion in combined market cap from Samsung and SK Hynix, Moneycontrol reported, citing Bloomberg.