Form 4 Teladoc Inc For: 4 March

South Korean stock trading was temporarily halted on March 4, 2026, as the KOSPI index plunged more than 11% amid escalating Iran tensions and widening Middle East conflict, with Goldman Sachs simultaneously raising its oil price forecast due to disruptions in the Strait of Hormuz and lower inventories, triggering widespread selling across Asian markets. The dramatic market collapse in South Korea came as regional investors grappled with multiple geopolitical stressors, including heightened tensions in the Middle East and mixed manufacturing data from China. The KOSPI's freefall exceeded the circuit breaker threshold that temporarily halts trading to prevent panic selling. Goldman Sachs revised its oil price projections upward, citing potential supply disruptions from the strategically important Strait of Hormuz, through which a significant portion of global oil shipments pass. The investment bank's analysts noted that already tight global inventories would be further strained by any prolonged conflict in the region. Across Asia, markets reacted negatively to the confluence of negative factors, with major indices in Japan, China, and Southeast Asia all closing in the red. Investors expressed growing concerns that the Middle East conflict could trigger higher oil prices, exacerbating inflationary pressures that central banks are already struggling to control. The situation was further complicated by mixed China PMI data, which showed manufacturing activity continuing to contract while services sector expansion slowed, adding uncertainty to the region's economic outlook.