Anonymous17 days ago
South Korea's KOSPI index — which surged 76% in 2025 and broke through 6,000 for the first time in February 2026 on the back of AI semiconductor demand — has suffered its worst single-day crash in history after the Iran war shut down the Strait of Hormuz, through which 70% of the country's oil imports flow. The government has deployed a $68 billion stabilization fund and accelerated nuclear energy plans, but the crisis has exposed the fundamental fragility of an export-driven economy whose world-leading stock market rally was built atop one of the most energy-vulnerable foundations in the developed world.