{"id":427880,"date":"2026-03-04T12:00:31","date_gmt":"2026-03-04T05:00:31","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/investinglive-asia-pacific-market-news-wrap-korean-stock-market-crushed\/"},"modified":"2026-03-04T12:00:31","modified_gmt":"2026-03-04T05:00:31","slug":"investinglive-asia-pacific-market-news-wrap-korean-stock-market-crushed","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-wrap-korean-stock-market-crushed-427880\/","title":{"rendered":"investingLive Asia-pacific market news wrap: Korean stock market crushed"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-official-manufacturing-pmi-490-vs-491-expected-20260304\/\">China official manufacturing PMI 49.0 vs 49.1 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-finance-minister-steps-in-with-some-added-verbal-intervention-on-the-yen-20260304\/\">Japan finance minister steps in with some added verbal intervention on the yen<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/australian-q4-gdp-08-vs-06-expected-20260304\/\">Australian Q4 GDP +0.8% vs +0.6% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/new-zealand-q4-terms-of-trade-37-qq-vs-07-expected-20260303\/\">New Zealand Q4 terms of trade +3.7% q\/q vs -0.7% expected<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Korean Kospi down 9.1%<\/li>\n<li>Nikkei 225 down 3.9%<\/li>\n<li>Gold up $76 to $5163<\/li>\n<li>US 10-year yields up 0.4 bps to 4.06%<\/li>\n<li>WTI crude oil up 89-cents to $75.45<\/li>\n<li>JPY leads, AUD lags<\/li>\n<\/ul>\n<p>Asian equities were battered today in a second day of heavy selling. The Kospi decline was breathtaking, falling by as much as 11% before recovering to -9%. Incredibly, that only wipes out the February gain and the index is still up more than 20% year to date.<\/p>\n<p>Japanese stocks were hit to a lesser extent and now the Nikkei 225 has largely wiped out the post-election surge. <\/p>\n<p>Over in the US, there was late-day bounce in stock markets to limit the damage to a 1% loss but S&amp;P 500 futures are down 0.5%.<\/p>\n<p>For all the pain in Asia, the moves aren&#8217;t really validated by cross markets. Global fixed income is calm so far today with JGB yields down fractionally. In FX, there is some risk aversion but AUD\/JPY is down 100 pips to 110.04 and that&#8217;s the biggest move. NZD is slightly higher on the day against the US dollar, which isn&#8217;t what you would expect on a day like this.<\/p>\n<p>The euro selling hasn&#8217;t stopped entirely but it&#8217;s down only 19 pips so far on the day as we carefully watch oil and LNG prices. <\/p>\n<p>Action on the warfront was limited with no US headlines to report on. Air raid sirens went off in Bahrain but there were no reports of damage.<\/p>\n<p>Gold and silver have found some nice bids after the European\/US washout yesterday. There continues to be buying interest in Asia even as it&#8217;s sold for liquidity elsewhere.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China official manufacturing PMI 49.0 vs 49.1 expected Japan finance minister steps in with some added verbal intervention on the yen Australian Q4 GDP +0.8% vs +0.6% expected New Zealand Q4 terms&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427880","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427880"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427880\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}