South Korea
Asia-Pacific markets open higher as investors assess Trump tariffs
A view of the city skyline of Lujiazui Shanghai Center in Pudong, Shanghai, China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets opened higher Tuesday, tracking gains on Wall Street that appeared to look past U.S. President Donald Trump’s tariff campaign. Trump on Monday signed an order imposing 25% tariffs on […]
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Asia-Pacific markets fall as investors await India rate decision, assess Japan’s spending data
Japan’s household spending massively beats expectations, boosting case for further BOJ hikes Japan’s household spending in December rose 2.7% year on year in real terms, according to a Friday report from the Statistics Bureau of Japan, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024. The figure sharply […]
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Asia-Pacific markets open higher, shrugging off a week of trade turmoil
Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street. Source
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Ford CEO calls for ‘comprehensive’ tariff analysis for all countries
Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley on Wednesday said […]
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South Korea consumer inflation rose 2.2% in January, above market expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s consumer inflation quickened to a six-month high in January, government data showed on Wednesday, coming in higher than market expectations on pressure from a weak local currency. The consumer price index (CPI) rose 2.2% from a year earlier, after climbing 1.9% in the previous month, […]
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Asia tech stocks rise after Trump pauses tariffs on China and Mexico
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains […]
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OpenAI, Kakao to jointly develop AI products for South Korea
Open AI CEO Sam Altman (R) and Kakao CEO Chung Shin-a (L) pose for photos during a press conference at a hotel in Seoul on February 4, 2024. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images) Jung Yeon-je | Afp | Getty Images ChatGPT creator OpenAI and South Korea’s dominant chat app operator Kakao said on […]
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South Korea has a big household debt problem. The country’s unique rental system may be to blame
Illuminated residential buildings and houses at dusk in Mokpo, South Korea, on Friday, Aug. 16, 2024. Bloomberg | Bloomberg | Getty Images Central banks, by and large, have one overarching mandate: to ensure price stability and control inflation in a country. Policymakers in South Korea need to contend with another responsibility: managing high household debt. […]
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Asia-Pacific markets slide after Donald Trump’s sweeping tariffs on several countries
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets opened lower Monday after U.S. President Donald Trump levied tariffs on Canada, Mexico and China over the weekend. Australia’s S&P/ASX 200 dropped 1.86%. Japan’s Nikkei 225 fell 1.84% at the open, while […]
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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