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  • 13 hours ago
South Korea's Kospi plunged 12.1% and triggered trading halts as Strait of Hormuz disruption threatened its fuel-import-dependent economy. European markets opened mixed while the S&P 500 closed down 0.9% on war concerns.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02European shares opened higher on Wednesday after heavy losses in Asia, where South Korea's
00:07Kospi plunged 12.1 percent and triggered trading halts, according to AP.
00:12Germany's DAX rose 0.2 percent, Paris' CAC 40 was nearly flat, and Britain's FTSE 100
00:18slipped 0.1 percent.
00:20South Korea's Kospi-led losses in Asia as energy security concerns outweighed optimism
00:25over gains in chipmakers such as Samsung Electronics and SK Hynix from expanding artificial intelligence
00:31use.
00:32South Korea's stock market has been among the world's top performers this year.
00:36Its trade and fuel-import-dependent economy faces risks from potential disruptions in
00:41the Strait of Hormuz.
00:42Japan's Nikkei 225 fell 3.6 percent to as the country, like South Korea and Taiwan, relies
00:49heavily on oil and natural gas imports from the Persian Gulf.
00:52The S&P 500 closed down 0.9 percent after falling as much as 2.5 percent on war concerns,
00:59while the Dow Jones Industrial Average slipped 0.8 percent and the NASDAQ Composite declined
01:041 percent.
01:05For all things money, visit Benzinga.com.
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