A sharp rebound cannot ease fears of a widening Middle East conflict
On Thursday, South Korea’s stock market staged a dramatic rebound, a day after a dizzying crash. Yet the spectacle should not be mistaken for stability.
On Wednesday, the benchmark Kospi plunged 12.06 percent to 5,093.54, its steepest one-day decline since the aftermath of the Sept. 11 terrorist attacks in 2001. The selloff was triggered by escalating war fears in the Middle East. Circuit breakers halted trading as panic spread across the market.
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