{"id":523697,"date":"2026-03-09T02:50:08","date_gmt":"2026-03-09T02:50:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/523697\/"},"modified":"2026-03-09T02:50:08","modified_gmt":"2026-03-09T02:50:08","slug":"south-koreas-kospi-sinks-triggering-circuit-breaker-amid-broader-asia-market-rout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/523697\/","title":{"rendered":"South Korea’s Kospi sinks, triggering circuit breaker amid broader Asia market rout"},"content":{"rendered":"

Fire breaks out at the Shahran oil depot after U.S. and Israeli attacks, leaving numerous fuel tankers and vehicles in the area unusable in Tehran, Iran, on March 8, 2026.<\/p>\n

Anadolu | Anadolu | Getty Images<\/p>\n

South Korea’s Kospi<\/a> triggered its second circuit breaker in four sessions on Monday, leading a broader regional sell-off as oil prices breached $110 per barrel for the first time since 2022. <\/p>\n

The index plunged over 8%, triggering a 20 minute suspension in trading from 10.31 a.m. local time. Heavyweight Samsung Electronics plunged more than 10%, while chip counterpart SK Hynix shed 11.6%.<\/p>\n

A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its worst single-day decline<\/a>.<\/p>\n

Japan’s Nikkei 225<\/a> tumbled 6.48%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.8%. <\/p>\n

Softbank Group Corp<\/a> was among the largest losers on the index, falling over 11%, while chip-related stocks such as Advantest<\/a> and Lasertec<\/a> was also down over 10% and 9%, respectively.<\/p>\n

Brent futures<\/a> spiked 23.38% to $114.30, while U.S. West Texas Intermediate crude futures<\/a> rose 26.35% to $114.85.<\/p>\n

The surge comes after major Middle Eastern oil producers, including Kuwait, Iran and the United Arab Emirates, cut oil production following the closure of the Strait of Hormuz.<\/a> <\/p>\n

Australia’s\u00a0S&P\/ASX 200<\/a> fell 4.15%.<\/p>\n

Hong Kong Hang Seng index<\/a> also fell 3%, while the CSI 300 on mainland China was down 2%.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

U.S. President Donald Trump, however, posted on Truth Social that a gain in “short term oil prices” was a “very small price to pay” for destroying Iran’s nuclear threat.<\/p>\n

“Only fools would think differently!” Trump added.<\/p>\n

U.S. stock futures also tumbled on higher oil prices, with\u00a0Dow Jones Industrial Average<\/a>\u00a0futures down over 800 points or 1.75% lower. <\/p>\n

S&P 500 futures were down 1.59%, while Nasdaq-100 futures slid 1.6%.<\/p>\n

\u2014 CNBC’s Spencer Kimball contributed to this report. <\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Fire breaks out at the Shahran oil depot after U.S. and Israeli attacks, leaving numerous fuel tankers and…\n","protected":false},"author":2,"featured_media":523698,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[203482,203610,202223,49845,4989,2840,86719,12922,1386,45,161,49,48,6508,6681,87285,1376,196882,6510,189145,7155,12918,70545,195739,5897,96322,203604,2454,12919,49847,195736,87282,100,12921,93365,9691,7124,202226,1378,12920,78865,97567,18262,101950,15808,772,197951,195735,7136,2163,70544],"class_list":{"0":"post-523697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-cl26j","9":"tag-lco26k","10":"tag-lco26q","11":"tag-advantest-corp","12":"tag-asia-economy","13":"tag-australia","14":"tag-bp-plc","15":"tag-breaking-news-asia","16":"tag-breaking-news-markets","17":"tag-business","18":"tag-business-news","19":"tag-ca","20":"tag-canada","21":"tag-chevron-corp","22":"tag-chicago","23":"tag-conocophillips","24":"tag-donald-trump","25":"tag-eog-resources-inc","26":"tag-exxon-mobil-corp","27":"tag-fidelity-nasdaq-composite-index-track","28":"tag-halliburton-co","29":"tag-hang-seng-index","30":"tag-ice-brent-crude-oct25","31":"tag-invesco-db-oil-fund","32":"tag-iran","33":"tag-ishares-msci-japan-etf","34":"tag-ishares-msci-south-korea-etf","35":"tag-japan","36":"tag-kospi-index","37":"tag-lasertec-corp","38":"tag-lp","39":"tag-marathon-petroleum-corp","40":"tag-markets","41":"tag-nikkei-225-index","42":"tag-occidental-petroleum-equity-warrants-exp-3rd-august-2027","43":"tag-osaka","44":"tag-phillips-66","45":"tag-proshares-ultra-bloomberg-crude-oil","46":"tag-sp-500-index","47":"tag-sp-asx-200","48":"tag-shell-plc","49":"tag-softbank-group-corp","50":"tag-south-korea","51":"tag-totalenergies-se","52":"tag-united-arab-emirates","53":"tag-united-states","54":"tag-united-states-brent-oil-fund","55":"tag-united-states-oil-fund","56":"tag-valero-energy-corp","57":"tag-world-markets","58":"tag-wti-crude-sep25"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/523697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=523697"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/523697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/523698"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=523697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=523697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=523697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}