South Korean stocks opened significantly lower on Monday, reflecting ongoing market volatility driven by the Middle East conflict and escalating oil prices.
The Korea Composite Stock Price Index (KOSPI) experienced a sharp decline, falling 319.5 points, or 5.72 percent, to 5,265.37 at the start of trading.
Investor sentiment has been dampened by concerns surrounding global energy price instability. West Texas Intermediate (WTI) crude oil, the U.S. benchmark, exceeded US$100 per barrel on Sunday (U.S. time), marking the first time this level has been breached since July 2022.
