South Korean Stocks Fall to One-Year Low on Trump Policy Concern
- Samsung Electronics, Posco among top losers on index
- Korea Zinc’s share sale cancellation also hurt sentiment
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South Korean shares slumped to their lowest in a year, as foreign investors sold major exporters including Samsung Electronics Co. that are vulnerable to Donald Trump’s protectionist trade policy.
The benchmark Kospi index closed down 2.6% Wednesday, making itself the worst performer in Asia amid a regional selloff caused by worries about the US President-elect’s proposed tariffs and policies that may keep inflation elevated.