South Korean Stocks, Won Spooked by Fears of Potential Lockdown

South Korean stocks and the currency could come under pressure as policy makers consider stricter social-distancing measures and a lockdown amid a flareup in Covid-19 cases. Such concerns saw the benchmark Kospi index and the won slip early on Wednesday, although losses were pared after a senior health ministry official denied market rumors that authorities will raise social-distancing rules to the highest level.