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Shipping Stocks Surge Amid Middle East Conflict

As armed conflict between Saudi Arabia and Yemen's pro-Iranian Houthi rebels intensifies, shipping stocks are drawing a steep upward curve in the domestic stock market from early trading on Oct. 14.

  • Middle East conflict sparks surge in shipping stocks
  • HMM stock rises 6.58% to 23,500 won on KOSPI market
  • Tensions over Bab el-Mandeb Strait and Hormuz blockade intensify

[Opening Market] KOSPI Regains 6,100 As Foreign Investors Turn to Buying

On the morning of Oct. 14, the domestic stock market broke out of a steep decline that had continued for 5 consecutive trading days due to unfavorable factors such as the semiconductor shock from…

  • KOSPI stock market rebounds to 6,100 after five-day decline
  • Foreign investors turn to buying, reversing sell-off
  • Samsung Electronics and SK Hynix lead market recovery

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