FX.co ★ KOSPI Hits 2-Month Low on US Tariff Shock

On Thursday, the benchmark KOSPI index fell by 1.5%, settling at approximately 2,468 points, its lowest point in two months, amid escalating concerns in global markets. This decline was triggered by U.S. President Donald Trump's announcement of substantial reciprocal tariffs. The plan involves a 25% duty on South Korean products, which puts additional stress on South Korea's export-driven economy. In reaction, Acting President Han Duck-soo has instructed the implementation of emergency measures to support industries particularly affected, with a focus on the automotive sector. Leading the downturn were chip and auto sector stocks, including Samsung Electronics with a 2% loss, SK Hynix at a drop of 2.5%, Hyundai Motor decreasing by 1.7%, and Kia Corp down by 2.3%. Noteworthy declines also included LG Energy Solution, which fell by 4.3%, KB Financial with a 3.2% drop, and Hyundai Mobis down 4.5%.