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FX.co ★ South Korean Shares Fall on US-China Trade Tensions

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typeContent_19130:::2025-10-13T02:10:00

South Korean Shares Fall on US-China Trade Tensions

On Monday, the benchmark KOSPI index declined by 0.9% to approximately 3,577, pulling back from its record highs achieved in the previous session. This drop was largely attributed to renewed trade tensions between the United States and China, which negatively impacted investor sentiment. The U.S. recently announced the imposition of new tariffs and export restrictions in response to China's tightened controls on rare earth elements and related equipment. This move has heightened concerns about a potential escalation that could disrupt global supply chains, especially in the semiconductor industry.

Within the corporate sector, major South Korean semiconductor companies saw significant declines, with SK Hynix plummeting by 3.6% and Samsung Electronics decreasing by 2%. Additionally, Hanwha Aerospace experienced a 2.7% drop, while KB Financial Group fell by 1.1%. Investors also took the opportunity to secure profits following the index’s recent surge to record levels. This weakness in the market mirrored a sharp sell-off in technology stocks on Wall Street late last week, further dampening risk appetite.

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