South Korean Stocks Underwhelmed by 15% Tariff Deal With Trump

South Korean equities fell slightly Thursday as investors shrugged off a 15% tariff deal on exports to the US, suggesting markets had already priced in the news.

The benchmark Kospiclosed 0.3% lower after rising as much as 1%. The index had risen in the previous six days. The won weakened 0.2% against the dollar.

The agreement, which included a $350 billion investment pledge, capped months of intense trade negotiations and followed a similar deal with Japan. As South Korean officials finalized the pact ahead of Friday’s deadline set by President Donald Trump, the nation’s stock market showed signs of ...