War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.
Asian stocks showed mixed results following Wall Street's performance ahead of key US inflation data. Concerns over inflation influence potential Federal Reserve rate cuts. South Korean political unrest and economic changes in Hong Kong also impacted regional markets.
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Asian debt markets saw foreign outflows in December, for the second month in a row, reversing strong demand from earlier in 2024 on anticipated higher U.S. tariffs under President-elect Donald Trump,
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
Wall Street has been lurching down and up for weeks as traders revamp their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.
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Asian stocks ended little changed on Wednesday after reports emerged that U.S. President-elect Donald Trump's economic advisers are
Asian stocks edged higher on Wednesday, mirroring Wall Streets overnight gains, but investor caution ahead of U.S. inflation data kept advances muted. Market participants closely monitor the Consumer Price Index (CPI)
Seoul shares closed little changed Wednesday as investors await key US inflation data amid trimmed bets on Federal Reserve rate cuts and the Bank of Korea's key rate decision. The Korean won rose against the US dollar.
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