South Korean assets plummeted after Trump announced a 25% tariff on the country.

After Trump announced a 25% tariff on South Korean goods, the country's assets fell to a mid-day low. Following Trump's announcement on social media, the South Korean won plummeted by 1.1% at one point, reaching a exchange rate of 1,378 to the dollar, the lowest in two weeks. The iShares MSCI South Korea ETF, with an asset of $4.95 billion, dropped by 3.6%, marking the largest decline since April.