On Tuesday, shares of South Korean automotive firms experienced an uptick following the announcement by U.S. Secretary of Commerce Howard Lutnick, who confirmed that the reduced U.S. auto tariffs of 15% on South Korea would be applied retroactively, effective from November 1. “We are also removing tariffs on aeroplane parts and will ‘un-stack’ Korea’s reciprocal Read More
On Monday, the Asia-Pacific markets exhibited a mixed performance following indications from New York Federal Reserve President John Williams that a third rate cut could be on the horizon this year. On Friday, Williams indicated that the Federal Reserve might consider reducing its key interest rate, as the fragility of the labor market presents a Read More
Asia-Pacific markets experienced a decline on Friday, following a downturn in U.S. tech stocks and a diminishing optimism among investors regarding a potential rate cut by the Federal Reserve in December. Japan’s Nikkei 225 experienced a decline of 2.4%, closing at 48,625.88, whereas the Topix index concluded the day with no significant change. Tech conglomerate Read More
