# Stock market posts biggest daily fall this year amid SVB fallout - The Korea Times

> The KOSPI closed at 2,348.97 on March 14, down 2.56% and its biggest daily fall of the year, as foreign investors sold heavily following the collapse of Silicon Valley Bank. The top 30 market-cap companies all declined.

- Date: 2023-03-14 · published 2023-03-14T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/37106-stock-market-posts-biggest-daily-fall-this-year-amid-svb-fallout-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Equity outflows and risk aversion tied to the banking shock weaken the won and tighten financial conditions, adding macro pressure on Korean import-dependent feed buyers.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20230314/stock-market-posts-biggest-daily-fall-this-year-amid-svb-fallout

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.