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South Korean shares fell more than 5% on Monday, triggering sidecars on the main indexes, as investors sold risky assets on fears of a coronavirus-driven global recession. The won weakened to 1,276.3 per dollar onshore, 2.33% below its prior close.
Risk-off selling and a weaker won raise the cost of dollar-priced imports for Korean feed buyers. Global recession fears also weigh on demand expectations for commodities.
reuters.comMar 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
