South Korean stocks opened with a slight dip Thursday, influenced by volatile oil prices resulting from ongoing US-Iran tensions and shipping disruptions in the Middle East’s crucial waterway.
The Korea Composite Stock Price Index (KOSPI), the benchmark for South Korean equities, decreased by 42.3 points, a 0.75 percent drop, reaching 5,567.65 at market open. Yesterday, the index experienced a 1.4 percent increase.
Overnight, Wall Street investors remained cautious, even after major nations opted to release oil reserves, as worries persisted that tensions in the Strait of Hormuz could be prolonged.
