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Jung Yeon-Je | AFP | Getty Images
A man watches a television news showing North Korean leader Kim Jong Un (R) and US President Donald Trump (L), at a railway station in Seoul on May 24, 2018.
An exchange-traded fund tracking South Korean stocks dropped more than 1.5 percent Thursday after U.S. President Donald Trump called off a highly anticipated meeting with North Korean leader Kim Jong Un.
The iShares MSCI South Korea Capped ETF (EWY) traded about 1.7 percent lower, tracking for its first negative day in four. The ETF tracks stocks such as Hyundai Motor, LG, Lotte and Samsung Electronics.
Investors are concerned renewed geopolitical tension in the region could weigh on economic activity.
U.S. stocks extended losses after the news, with the Dow Jones industrial average briefly falling 150 points.
