Key facts
- South Korean stocks opened lower on Monday, September 28, 2026.
- Hopes for a diplomatic breakthrough in the Iran conflict pushed oil prices lower.
- The KOSPI index fell 23.06 points, or 0.33 percent, to 7,057.86.
Seoul stocks open lower as oil prices fall on Iran conflict hopes
IN SHORT
South Korean stocks opened lower on Monday, September 28, 2026, despite gains on Wall Street. Hopes for a diplomatic resolution to the Iran conflict pushed oil prices down, impacting market sentiment. The benchmark KOSPI index fell 0.33% in early trading.
Key Numbers
7,057.86KOSPI index level on Monday, September 28, 2026
0.33%KOSPI index decline on Monday, September 28, 2026
23.06 pointsKOSPI index points lost on Monday, September 28, 2026
0.93%Dow Jones Industrial Average gain on Friday, September 25, 2026
0.51%S&P 500 gain on Friday, September 25, 2026
0.48%Nasdaq Composite Index gain on Friday, September 25, 2026
Who's Involved
Kim Han-joo
author of the report
↳ Why This Matters
The South Korean market's reaction highlights the interconnectedness of global markets, where geopolitical developments and commodity price shifts can influence investor sentiment and trading activity across different regions.