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The sharp increase in oil prices led to a significant decline in the South Korean stock market, triggering a "temporary suspension of trading".


Published:

2026-03-09

The sharp increase in oil prices led to a significant decline in the South Korean stock market, triggering a "temporary suspension of trading".

Affected by the sharp rise in international oil prices triggered by the military conflict between the United States and Israel and Iran, the South Korean stock market plunged on the 9th. The main stock index plummeted, triggering the "temporary suspension" mechanism. 
On the 9th, both the Korean Composite Stock Price Index (KOSPI) and the Kosdaq Index (referred to as the "Korean version of Nasdaq") opened with significant declines. At around 9:06 local time, due to the intense fluctuations in the Korean KOSPI 200 index futures, the Korea Stock Exchange initiated the "temporary suspension" measure, halting the automated trading sell operations for 5 minutes. When the mechanism was triggered, the KOSPI 200 index futures closed at 773.90 points, down 53.75 points from the previous day's closing price, a decline of 6.49%.