KOSPI Composite Index closes up 2.7% with intraday fluctuations

MaticHoleFiller · 2026-03-28T01:16:02+00:00

The Korea Composite Stock Price Index (KOSPI) rose 2.7%, closing at 5,553.92 points, after a 6.5% decline yesterday due to Middle East conflicts. The Korea National Pension Service used the high US dollar exchange rate for foreign exchange hedging. The Korean won against the US dollar temporarily depreciated to a 14-year low before rebounding.

MaticHoleFiller

2026-03-28 01:16:02

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The Korea Composite Stock Price Index (KOSPI) closed up 2.7%, at 5553.92 points. The Seoul stock market’s composite index opened significantly higher today at 4.3%, with intraday fluctuations, briefly giving back some of the early gains.

Due to the escalation of conflicts in the Middle East, the Korea Composite Stock Price Index dropped sharply by 6.5% yesterday; shipbuilding and chip stocks led the decline, with the market experiencing a broad sell-off.

Two direct sources revealed on Tuesday that as the Korean won hovers near a 17-year low, the National Pension Service (NPS) of Korea is conducting strategic foreign exchange hedging operations. “The National Pension Service is taking advantage of the recent high exchange rates of the dollar as a hedging opportunity,” one of the sources stated.

NPS is the third-largest public pension fund in the world, with assets amounting to 1,458 trillion won ($9,730.4 billion), making it a major player in the local foreign exchange market. Following the news release, the Korean won to dollar exchange rate reversed. Due to the severe market fluctuations caused by the geopolitical conflict in the Middle East, the won to dollar exchange rate depreciated to 1,518.4 on Monday, reaching its weakest level since March 2009.

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Editor: Wang Yongsheng

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