South Korea's KOSPI index opened down 0.81% at 5,596.41 on March 26 amid mixed signals over US-Iran negotiations, with Samsung Electronics and SK Hynix leading semiconductor sector losses of over 2%, while foreigners net sold 137.7 billion won despite overnight gains in US markets and falling oil prices.
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KOSPI Plunges Over 1% on Mixed US-Iran Talks Outlook; Hynix, Samsung Weaken
South Korea's KOSPI index opened down 0.81% at 5,596.41 on March 26 amid mixed signals over US-Iran negotiations, with Samsung Electronics and SK Hynix leading semiconductor sector losses of over 2%, while foreigners net sold 137.7 billion won despite overnight gains in US markets and falling oil prices.
Dollar-won exchange rate plunges to 1,480 won level as Middle East ceasefire hopes surge following Israel's victory declaration against Iran, with safe-haven dollar declining while oil prices remain elevated at $90 per barrel maintaining downside support
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[Seoul Foreign Exchange Market]Won Plunges to 1,480s on Ceasefire Hopes (Update)
Dollar-won exchange rate plunges to 1,480 won level as Middle East ceasefire hopes surge following Israel's victory declaration against Iran, with safe-haven dollar declining while oil prices remain elevated at $90 per barrel maintaining downside support
Dollar-won exchange rate surges back above 1,500 won as Middle East geopolitical risks escalate to energy facility attacks and hawkish FOMC signals delayed rate cuts, with experts warning of further volatility tied to oil price movements despite limited follow-up buying at current levels.
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Dollar-Won Exchange Rate Re-Enters 1,500 Won Level - Background and Outlook
Dollar-won exchange rate surges back above 1,500 won as Middle East geopolitical risks escalate to energy facility attacks and hawkish FOMC signals delayed rate cuts, with experts warning of further volatility tied to oil price movements despite limited follow-up buying at current levels.
Dollar-won exchange rate surges back above 1,500 won level, jumping 19.70 won to 1,502.80 won amid Iran gas field attack and hawkish Federal Reserve stance, as geopolitical risks intensify and Middle East crisis fuels energy concerns in Seoul foreign exchange market.
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[Seoul Foreign Exchange Market]Iran Gas Field Attack, Hawkish Fed Drive Won to 1,500 Level - Up 19.70 Won
Dollar-won exchange rate surges back above 1,500 won level, jumping 19.70 won to 1,502.80 won amid Iran gas field attack and hawkish Federal Reserve stance, as geopolitical risks intensify and Middle East crisis fuels energy concerns in Seoul foreign exchange market.
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