Market Turbulence Sparks Divergent Reactions in Global Equities and Crypto
South Korea's markets reopened with a violent sell-off, the KOSPI plunging 7.23% amid oil supply fears and Middle East tensions. Nearly ₩390 trillion ($270B) evaporated in a single session—the worst since the 2024 yen carry trade crisis.
Meanwhile, Israeli stocks defied geopolitical risks, with the TA-35 Index surging 4.61% to record highs. Defense and energy shares led gains as the shekel strengthened 1.5% against the dollar, signaling investor confidence in local markets.