South Korean shares drop 8pc, trigger circuit breakers as won nears 1,500 per US dollar

People walk past a bull and bear sculpture in front of the Korea Exchange building in Seoul on April 7, 2025. Asian equities collapsed on a black Monday on April 7 for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. (Photo by ANTHONY WALLACE / AFP)