# Korea Leads Slide as Emerging Asia Caught in Trade, FX Crossfire - Bloomberg

> South Korea's won and stocks led losses across Asian emerging markets as US-China trade tensions escalated. The won slipped as much as 1.7% to 1,218.35 per dollar, its weakest since March 2016, after China set its yuan fixing weaker than 6.9 per dollar for the first time in 2019. The Kospi fell 2.5%.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/57828-korea-leads-slide-as-emerging-asia-caught-in-trade-fx-crossfire-bloomberg
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients such as corn, soybean meal and DDGS for Korean buyers, even though the dollar prices of these commodities are unchanged.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-08-05/won-slips-below-1-200-first-time-since-2017-as-trade-woes-worsen

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