# iShares MSCI Korea ETF

Risk-Off Roars Through East Asia: South Korea Stocks Crash over 12% as Japan Also Slips

A sharp, externally driven risk-off wave on March 4 sent South Korean equities into a dramatic slide of more than 12% and pushed Japanese shares lower. The rout — amplified by offshore selling and concerns about Middle East tensions and rising oil prices — has raised the prospect of policy intervention in Seoul and heightened global investor caution toward export-dependent Asian markets.