# S.Korea shares drop over 5% on global recession fears, sidecars triggered | Reuters

> 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.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/54343-s-korea-shares-drop-over-5-on-global-recession-fears-sidecars-triggered-reuters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/skorea-shares-drop-over-5-on-global-recession-fears-sidecars-triggered-idUSL4N2BG0VQ/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.