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Energy

S. Korea crude oil imports plunge

SEOUL: South Korea’s February crude oil imports fell 13.9% from a year earlier to 84.8 million barrels, preliminary data from the Ministry of Trade, Industry and Energy showed on Sunday. Final data will be released later this month by state-run Korea National Oil Corp (KNOC).

Economy

Wounded Asia stock traders seek new bottom

Hong Kong: There is no lack of superlatives for the drubbing Asia stocks took to end February in the face of soaring coronavirus cases outside of China: Friday was the worst day for regional equities since October 2018, ending the poorest week in two years and the worst February since the global financial crisis. The speed and magnitude of the rout naturally raises one question – when will the market find its footing?