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UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Republic of Korea’s KOSPI Tumbles Over 12% Seoul, 4 Mar (ONA) – The Republic of Korea’s stocks plunged more than 12% today, while the Korean won weakened sharply against the US dollar, as escalating tensions in the Middle East heightened concerns over the global economic outlook. The benchmark KOSPI index extended its losses, falling 698.37 points, or 12.06%, to close at 5,093.54 points after declining 7.24% in the previous session. The Korea Exchange activated its trading halt mechanism shortly after the KOSPI index dropped more than 8%, as heightened geopolitical tensions triggered a sharp sell-off in the market. Meanwhile, the Korean won weakened to 1,476.20 per US dollar, down 10.1 won from the previous session’s close.—Ends/AG
