遭恐慌性抛售，日韩股市崩了！韩国主要股指收跌12%

Core Viewpoint - The article discusses the panic sell-off in the Japanese and South Korean stock markets triggered by geopolitical tensions, particularly the blockade of the Strait of Hormuz, which poses a significant risk to energy supply chains for both countries [3][7]. Group 1: Market Reactions - On March 4, both Japanese and South Korean stock markets opened lower, with the Nikkei 225 index falling by 3.61% to 54,245.54 points and the KOSPI dropping by 12.11% to 5,090.79 points [1]. - The KOSPI experienced its largest single-day drop in history, declining by 7.24% (452.22 points) [6]. - The Japanese economy is heavily reliant on oil imports from the Middle East, with over 90% of its crude oil sourced from the region, making it particularly vulnerable to disruptions in the Strait of Hormuz [5]. Group 2: Causes of the Sell-off - The sell-off is attributed to multiple factors, including heightened geopolitical risks leading to a shift in global risk appetite towards safe-haven assets, rising energy prices, and a reassessment of inflation paths and central bank interest rate cuts [7]. - The internal market conditions in both countries were already under pressure due to high valuations and profit-taking, particularly in South Korea's tech sector, which had seen significant gains [7]. - The article notes a clear market divergence, with sectors like aviation, shipping, and consumer goods suffering due to energy cost and supply chain disruptions, while defense sectors showed resilience, indicating a defensive shift in investment strategies [8]. Group 3: Economic Implications - Predictions suggest that the blockade could lead to a $50 increase in oil prices per barrel, potentially reducing Japan's GDP by approximately 3% if oil imports are severely disrupted [5]. - The South Korean central bank is monitoring the situation closely, with the Korean won experiencing significant fluctuations against the dollar, reflecting the market's response to the geopolitical crisis [6].