# Scarred by trade war, South Korea's stocks whipped by oil shock

> South Korea is highly dependent on oil imports relative to GDP, and its stocks and won have been hit by the September 14 attacks on Saudi refineries and an ongoing trade dispute with Japan. Crude has largely erased its roughly 15% post-attack surge, but the shock reversed a won rally as investors added bearish bets.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: geopolitics · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57310-scarred-by-trade-war-south-korea-s-stocks-whipped-by-oil-shock
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Oil-driven pressure on the won raises Korean feed import costs in local terms, and energy price swings feed through to biofuel and freight economics.

## Read by commodity

- BRENT: neutral
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-09-13 | [Oil trades below $70 as traders assess supply shortage  \| The National](https://feedsoft.ai/events/63208-oil-trades-below-70-as-traders-assess-supply-shortage-the-national.md) | -0.6% | +4.5% |
| BRENT | 2024-10-30 | [What's in Store for the Oil and Gas Markets in Q4? - FocusEconomics](https://feedsoft.ai/events/8119-what-s-in-store-for-the-oil-and-gas-markets-in-q4-focuseconomics.md) | +7.2% | +3.6% |
| BRENT | 2024-07-08 | [Rising shipping costs hit global trade hard](https://feedsoft.ai/events/17017-rising-shipping-costs-hit-global-trade-hard.md) | -1.6% | -11.4% |
| BRENT | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -11.9% | -9.9% |
| BRENT | 2026-03-09 | [Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post](https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the.md) | +9.5% | +25.6% |

## Sources

- reuters.com: https://www.reuters.com/article/southkorea-markets-trade/scarred-by-trade-war-south-koreas-stocks-whipped-by-oil-shock-idUSL3N25W139/

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