# [News Analysis] Markets roiled as US-China spat dwarfs impact of Japan factor - The Korea Herald

> South Korean financial markets sold off on August 5, a 'Black Monday', as the US-China trade conflict weighed more heavily than the dispute with Japan. Authorities said they were ready to intervene in the FX market to prevent excessive won devaluation.

- Date: 2019-08-06 · published 2019-08-06T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/57834-news-analysis-markets-roiled-as-us-china-spat-dwarfs-impact-of-japan-factor-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

The won's sensitivity to the US-China trade conflict raises Korean feed import costs in dollar terms. Intervention could limit the move, but a sustained sell-off would still raise the cost of imported feed ingredients.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- koreaherald.com: https://www.koreaherald.com/article/2068991

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