S Korean stocks, currency tumble on worries about trade dispute

CNC
Added On August 7, 2019

South Korea's Composite Stock Price Index plunged 51.15 points, or 2.56 percent, before settling at 1,946.98.
 
It was the lowest close since June 2016. Adding to concerns about global trade friction, Japan removed South Korea on Friday from its white list of trusted trading partners that receive preferential treatment for export.
 
Korean won fell sharply against the dollar, driving foreign investors to dump undervalued domestic stocks.
 
The won finished at 1,215.3 against the greenback, down 17.3 won from the previous close. It was the highest won/dollar exchange rate since March 2016.