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Markets

Morning Bid: Seoul-sapping selloff

Morning Bid: Seoul-sapping selloff By Mike Dolan Wed, March 4, 2026 at 5:15 PM GMT+5:30 3 min read By Mike Dolan March 4 - What matters in U. S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The ongoing Middle East eruption shocked Asia's stock markets on Wednesday, with South Korea's Kospi plummeting 12% for its worst day ever and Japan's Nikkei and Taiwan's benchmark ‌each losing about 4%. The Korean won hit its weakest in 17 years, while Seoul and several other Asian centers were forced to suspend trading ‌periodically thanks to the scale of the selloff.

Morning Bid: Seoul-sapping selloff

Credit: Yahoo

Key Highlights

  • I’ll get into that and more below.
  • But first, check out my latest column on why gold lost some of its safe‑haven shine this week.
  • And listen to ​the latest episode of the Morning Bid daily podcast.
  • Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week.
  • SEOUL-SAPPING SELLOFF Asia's big manufacturing economies are heavily exposed to imported energy products from the Middle East, so both the price rise and supply uncertainty caused by the conflict are alarming.
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Sources

  1. Morning Bid: Seoul-sapping selloff

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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