South Korea’s benchmark Kospi index opened lower on Monday, extending a period of cautious trading as geopolitical uncertainty surrounding US-Iran relations persisted.
The decline reflects renewed investor hesitation amid unresolved peace negotiations, with market participants wary of potential escalation risks that could disrupt global supply chains and energy flows.
The index fell 1.08% at the open, marking a continuation of the risk-off sentiment that has plagued Asian equities in recent sessions.
The index fell 1.08% at the open, marking a continuation of the risk-off sentiment that has plagued Asian equities in recent sessions.
Traders are closely monitoring diplomatic developments, with any lack of progress in ceasefire talks likely to sustain selling pressure across regional markets.
The move underscores the sensitivity of Korean equities to external geopolitical shocks, particularly those involving energy transit routes.
This session’s weakness follows a similar drop earlier in the week, when the Kospi opened 0.91% lower on similar concerns.