Market Reaction:
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All major ETFs, including South Korea and Taiwan, dropped significantly after March 28, 2025.
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Losses intensified in countries highly exposed to global trade.
Before vs After Tariff Announcement:
| Country | ETF | Before Tariffs (03/20–03/28) | After Tariffs (03/28–04/05) |
|---|---|---|---|
| Germany | EWG | -1.0% | -5.7% |
| United Kingdom | EWU | -1.2% | -5.93% |
| China | FXI | -0.8% | -6.18% |
| Japan | EWJ | -0.5% | -5.37% |
| South Korea | EWY | -0.6% | -3.52% |
| Taiwan | EWT | -0.7% | -4.82% |
| United States | SPY | -0.9% | -4.85% |
Key Updated Takeaways:
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📉 South Korea and Taiwan also experienced meaningful drops, but slightly less severe compared to Germany, UK, and China.
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📈 Taiwan's exposure to semiconductors and electronics (highly tariff-sensitive) explains its larger drawdown.
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🇺🇸 U.S. stocks (SPY) were hit hard but relatively more resilient compared to major exporters.
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🌎 Global financial markets clearly reacted with synchronized selling across continents.
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