# Stocks, currency tumble on Sino-America trade woes - The Korea Times

> Seoul stocks and the won fell on August 26 as the US-China trade war escalated. The KOSPI closed down 1.64% at 1,916.31, and the won lost 7.2 won to close at 1,217.8 per dollar. The sell-off followed Trump's signal of raising tariffs on $250 billion of Chinese goods to 30% from 25%.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57831-stocks-currency-tumble-on-sino-america-trade-woes-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won's weakness raises the dollar cost of imported feed for Korean buyers. Renewed trade escalation also points to weaker Chinese and Korean demand for US and other feed commodities.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20190826/stocks-currency-tumble-on-sino-america-trade-woes

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