Kospi plunges, won weakens as oil shock rattles markets

A surge in global oil prices triggered by escalating tensions in the Middle East rattled investors Monday, raising concerns about renewed global inflation pressures and weighing heavily on both South Korea’s stock market and the local currency. Korea’s stock market plunged during trading, prompting the activation of volatility control mechanisms across the bourses. The Kospi opened at 5,265.37, down 5.72 percent from the previous session, and extended its losses to as low as 5,096.16 during the

By The Korea Herald

Iran conflict forces central banks into sharp policy rethink

FSS holds emergency meeting amid oil price hike, won's depreciation - Yonhap News Agency

FSS holds emergency meeting amid oil price hike, won's depreciation  Yonhap News Agency

Hong Kong, China stocks tumble as Iran war knocks Asian markets

China's yuan CNY=CFXS hit the weakest level in a month against the rebounding dollar =USD

By Reuters

IMF warns Middle East tensions could disrupt trade and drive up global energy prices

The International Monetary Fund (IMF) has warned that escalating tensions in the Middle East are beginning to affect global trade flows, energy prices and financial market stability.

By Ernest Arhinful