Particle.news
Download on the App Store
10 ARTICLES
·
2d ago

Seoul Stocks Rebound After Record Plunge, Led by Tech and Exporters

Calmer oil prices with overnight U.S. gains helped stabilize early trading.

This photo shows a financial index screen in the dealing room of Hana Bank in Seoul on March 5, 2026. (Yonhap)
Financial information is displayed on the floor at the New York Stock Exchange in New York, Wednesday, March 4, 2026. (AP Photo/Seth Wenig)
Currency dealers talk in front of an electronic board displaying the Korea Composite Stock Price Index (KOSPI), the exchange rate between the U.S. Dollar and South Korean Won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at the dealing room of a bank in Seoul, South Korea, March 4, 2026. REUTERS/Kim Hong-JI/File Photo
This photo shows the dealing room of Hana Bank in central Seoul during the morning trading hours on March 5, 2026. (Yonhap)

Overview

  • At 9:03 a.m. on March 5, the Kospi jumped to 5,540.80, up 10.92 percent, and the Kosdaq climbed to 1,076.95, up 9.92 percent.
  • Blue chips led the bounce, with Samsung Electronics up 13.59 percent, SK hynix up 15.19 percent, Hyundai Motor up 14.57 percent, and LG Energy Solution up 8.78 percent.
  • The Korean won strengthened to 1,461.7 per U.S. dollar by 9:15 a.m.
  • The recovery followed a 12.06 percent Kospi slide on March 4, the steepest on record, when circuit breakers and a buy-side sidecar were deployed.
  • The rebound was linked to eased oil-price pressures and overnight gains on Wall Street, where the Dow rose 0.49 percent and the Nasdaq added 1.29 percent, after sell-offs tied to the Iran conflict.