Korean stocks suffer worst crash ever as Iran war hits chipmakers

South Korea's main stock index, the KOSPI, lost 12 percent on Wednesday, sending retail investors into a panic as fears of energy shortages due to the war in Iran battered shares in chipmakers and industrial giants. Meanwhile, Donald Trump says the US will insure oil tankers transiting the Persian Gulf as operating costs skyrocket, and the travel industry suffers as key Middle East hubs remain out of commission.

Mar 4, 2026 - 18:00
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Korean stocks suffer worst crash ever as Iran war hits chipmakers
South Korea's main stock index, the KOSPI, lost 12 percent on Wednesday, sending retail investors into a panic as fears of energy shortages due to the war in Iran battered shares in chipmakers and industrial giants. Meanwhile, Donald Trump says the US will insure oil tankers transiting the Persian Gulf as operating costs skyrocket, and the travel industry suffers as key Middle East hubs remain out of commission.
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