China Roils South Korean Stocks With News of Travel Curbs
- Tourist stocks tumble in Seoul; Chinese Korea’s top travelers
- Case adds to history of Chinese action against trade partners
Xi's Trade Credentials Under Scrutiny
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China has the economic power to move markets, and it isn’t afraid to use it.
South Korean stock trading offered a case in point Friday, with a selloff in hotels, cosmetic makers and other tourism-related companies that made the country’s benchmark the worst performer among Asian equity markets. The slide followed a Yonhap news agency report on China ordering travel agents to halt sales of holiday packages to South Korea.