{"id":2209031,"date":"2025-04-08T08:00:47","date_gmt":"2025-04-07T23:00:47","guid":{"rendered":"https:\/\/koreapro.org\/?p=2209031"},"modified":"2025-04-07T13:34:21","modified_gmt":"2025-04-07T04:34:21","slug":"south-koreas-stock-market-plunges-as-trumps-tariff-war-rattles-global-markets","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2025\/04\/south-koreas-stock-market-plunges-as-trumps-tariff-war-rattles-global-markets\/","title":{"rendered":"South Korea\u2019s stock market plunges as Trump\u2019s tariff war rattles global markets"},"content":{"rendered":"

Global markets plunged on Monday following U.S. President Donald Trump\u2019s announcement last week of reciprocal tariffs on imports, set to take effect on April 9. Asian and European stock indices experienced steep declines, with Japan\u2019s <\/span>Nikkei 225<\/span><\/a> falling nearly 9% and Hong Kong\u2019s <\/span>Hang Seng<\/span><\/a> dropping 9%. U.S. stock futures signaled further losses, with <\/span>Dow Jones Industrial Average futures<\/span><\/a> down over 900 points. Financial analysts <\/span>warn<\/span><\/a> of a potential recession as global trade tensions escalate.<\/span><\/p>\n

South Korea\u2019s <\/span>KOSPI index<\/span><\/a> fell 4.16% by mid-morning, triggering a <\/span>sidecar<\/span><\/a> after KOSPI200 futures dropped more than 5%, marking the first halt since Aug. 2024\u2019s \u201c<\/span>Black Monday<\/span><\/a>.\u201d Foreign investors net sold more than $681.7 million (<\/span>1 trillion won<\/span><\/a>), while institutions also engaged in heavy selling. Major <\/span>blue-chip stocks<\/span><\/a> including Hanmi Semiconductor (6.56%) and Samsung Electronics (4.28%) led the declines. The Financial Services Commission prepared a $68.2 billion (<\/span>100 trillion won<\/span><\/a>) stabilization package, while the Bank of Korea established a <\/span>24-hour monitoring system<\/span><\/a> to mitigate risks.<\/span><\/p>\n

WHY IT MATTERS<\/b><\/p>\n

South Korea\u2019s stock market collapse signals more than just an immediate financial shock. The real risk lies in how U.S. tariffs, if prolonged, could erode South Korea\u2019s industrial base and diminish its economic resilience. As Beijing responded to U.S. tariffs with its own 34% tariff and rare earth mineral <\/span>export controls<\/span><\/a>, an escalating U.S.-China trade war will likely have a significant impact on South Korean exports \u2014 especially in tech and automobiles \u2014 as disrupted global supply chains and reduced consumer demand in key markets will hinder export growth.<\/span><\/p>\n

Trump\u2019s resolve to weaponize tariffs suggests that South Korea\u2019s economic downturn will likely be sustained. The next few weeks will be crucial in gauging whether global supply chains adapt or collapse under pressure.<\/span><\/p>\n

While South Korean businesses will likely consider diversifying supply chains and reducing over-reliance on U.S. markets, the political uncertainty following former President Yoon Suk-yeol\u2019s <\/span>removal<\/span><\/a> from office could hinder decisive economic strategy. With the next presidential election likely on June 3, the relative leadership vacuum may delay critical policy responses.<\/span><\/p>\n

Business & Economy<\/span><\/a>Inter-Korean & Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"

Global markets plunged on Monday following U.S. President Donald Trump\u2019s announcement last week of reciprocal tariffs on imports, set to take effect on April 9. Asian and European stock indices experienced steep declines, with Japan\u2019s Nikkei 225 falling nearly 9% and Hong Kong\u2019s Hang Seng dropping 9%. U.S. stock futures signaled further losses, with Dow […]<\/p>\n","protected":false},"author":10407,"featured_media":2209032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2209031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"\nSouth Korea\u2019s stock market plunges as Trump\u2019s tariff war rattles global markets - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2025\/04\/south-koreas-stock-market-plunges-as-trumps-tariff-war-rattles-global-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea\u2019s stock market plunges as Trump\u2019s tariff war rattles global markets - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"Global markets plunged on Monday following U.S. President Donald Trump\u2019s announcement last week of reciprocal tariffs on imports, set to take effect on April 9. Asian and European stock indices experienced steep declines, with Japan\u2019s Nikkei 225 falling nearly 9% and Hong Kong\u2019s Hang Seng dropping 9%. 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