(LEAD) Seoul shares plunge nearly 6 pct; KRX issues sidecar; won sharply down
2026.03.09 09:28
(LEAD) Seoul shares plunge nearly 6 pct; KRX issues sidecar; won sharply down
(ATTN: RECASTS headline, lead; ADDS details throughout; CHANGES photo)
SEOUL, March 9 (Yonhap) -- South Korean stocks opened nearly 6 percent lower Monday over the escalating geopolitics in the Middle East and rising international oil prices, prompting the main bourse operator to issue a sell-side sidecar.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 334.55 points, or 5.99 percent, to 5,250.32 as of 9:15 a.m.
Program trading of the benchmark Korea Composite Stock Price Index (KOSPI) was suspended for five minutes at 9:06 a.m., according to the Korea Exchange (KRX). A sidecar is triggered when the KOSPI 200 Futures index moves 5 percent or more for at least one minute.
Investors expressed concerns over instability in global energy prices, with the U.S. benchmark West Texas Intermediate (WTI) crude surpassing US$100 per barrel for the first time since July 2022 on Sunday (U.S. time).
The South Korean stock market suffered extreme volatility last week, dipping more than 10 percent.
On Wednesday, the main index crashed 12.06 percent, marking the steepest one-day decline since Sept. 12, 2001, in the aftermath of the Sept. 11 terrorist attacks in the United States.
In Seoul, top tech giant Samsung Electronics plunged 7.97 percent, and SK hynix slid 8.12 percent.
Leading carmaker Hyundai Motor moved down 9.4 percent, and Kia decreased 8.62 percent.
Battery makers opened bearish as well, with LG Energy Solution falling 4.24 percent and Samsung SDI losing 5.72 percent.
Hanwha Aerospace, on the other hand, moved up 0.95 percent.
The Korean won was trading at 1,492.6 won against the U.S. dollar as of 9:15 a.m., sinking 16.2 won from the previous session.
colin@yna.co.kr
(END)
저작권 보호를 위해 본문의 일부만 표시됩니다.
원문 보기 →댓글 (0)
첫 번째 댓글을 작성해보세요!
kospi의 다른 소식
(URGENT) KRX activates circuit breaker on KOSPI, halting trading for 20 minutes amid market slide
0
모든 소식을 불러왔습니다