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BIS real effective exchange rate at 67.73 in January Lowest since the shift to a floating exchange-rate regime in 1973 Only 35% of the April 1995 level Japan’s overseas purchasing power continues to erode. The yen’s real effective exchange rate—often
The Blue House said on the 21st, regarding the U.S. Supreme Court ruling that the reciprocal tariffs are unlawful, that "while it is true that uncertainty in the global trade environment has increased due to the U.S. judiciary’s ruling, the governmen
Lee Seul-gi, Hankyung.com reporter seulkee@hankyung.com
Seulgi Lee, Hankyung.com reporter seulkee@hankyung.com
With the US Supreme Court judging the Trump administration’s imposition of reciprocal tariffs to be unlawful—prompting some to raise the possibility of shifts in Korea-US trade negotiations—Prime Minister Kim Min-seok said on the 21st, “We will move
"10% temporary tariff takes effect on the 24th" "Key minerals, passenger cars, etc. excluded" U.S. President Donald Trump on the 20th (local time) signed an order imposing a 10% global tariff on countries worldwide in response to a federal Supreme Co
Beware forced liquidation in lending As price volatility in cryptocurrencies such as Bitcoin has recently increased, interest is also growing in investment services that diversify entry timing and assets beyond direct trading. However, some warn that
“We’ll fight it out in court over refunds” U.S. President Donald Trump said he would impose an additional 10% tariff on countries worldwide in response to the federal Supreme Court’s ruling on the 20th (local time) that his mutual tariffs were illega
All three major U.S. stock indexes closed higher in New York trading. Although the U.S. Supreme Court ruled that President Donald Trump’s reciprocal-tariff policy was unlawful, markets reacted positively. With a decision on a key source of anxiety no
In the United States, a wide range of spot exchange-traded funds (ETFs) for digital assets—following Bitcoin—such as Ethereum, Ripple, and Solana are already trading actively. Looking solely at the spot Bitcoin ETF market, its history is only a littl
On the 20th, the KOSPI closed at 5,808.53, up 131.28 points (2.31%) from the previous session. It marked an all-time high on a closing basis. By Jin Young-gi, Hankyung.com reporter young71@hankyung.com
A wall of cash is flowing into traditional sectors such as energy and industrials, which had been sidelined for some time amid the artificial intelligence (AI) rally. With the AI tech-led surge losing steam, expectations are growing that funds will r
Donald Trump, the U.S. president, rolled out sweeping tariffs in a bid to reduce the trade deficit, but the measures appear to have delivered limited results. In recent months, a string of analyses has argued that the Trump administration’s tariff hi
Reported by U.S. business portal Yahoo Finance U.S. business portal Yahoo Finance reported that markets are bracing for a tariff ruling as the U.S. Supreme Court is scheduled to convene at 10 a.m. on the 20th (midnight KST on the 20th) for the first
Brent, WTI up about 2% Trump: “10–15 days is the maximum” International oil prices rose about 2% after U.S. President Donald Trump set a deadline for Iran to abandon nuclear weapons. With growing speculation that the United States may strike Iran in
All three major US stock indexes fell. The decline was attributed to risk sentiment deteriorating as tensions between the United States and Iran escalated. Concerns over financial health also surfaced after private equity firm Blue Owl Capital declar
Workers Returning After Temporary Layoffs Due to Severe Cold Four-Week Moving Average Also Near Lowest Level in About a Year The US Department of Labor said on Feb. 19 (local time) that initial jobless claims for last week (Feb. 8–14) totaled 206,000
Clear differences have emerged within the U.S. central bank (Fed) over the future path of monetary policy. According to minutes of the Jan. 27–28 Federal Open Market Committee (FOMC) meeting released by the Fed on the 18th (local time), officials agr
Sam Altman, CEO of OpenAI, on the 18th (local time) publicly stressed the need to build artificial intelligence (AI) governance at the "4th AI Impact Summit" held in New Delhi, India. He also said an "international AI regulatory body" similar to the
War Clouds Over Middle East Amid U.S.-Iran Tensions “Only Trump’s Final Decision Remains” 50 Fighter Jets Mass in Middle East in a Single Day Additional Carrier Strike Group to Be Deployed This Weekend Iran Takes Defensive Posture, Including Conceali
The Gwangju District Prosecutors' Office said on the 19th that it has recovered all of about 320 bitcoins (worth about 31.7 billion won) that were stolen after investigators affiliated with the office accessed a "phishing site." Prosecutors explained
‘SaaS-pocalypse’ fear hits the US… JPMorgan picks ‘AI-resilient’ names High-quality software stocks remain safe despite the AI offensive Not that AI is collapsing SaaS Closer to an industry-structure reshuffle Firms with infrastructure and data stand
Agreement signed with KISA and others Busan Metropolitan City is moving to upgrade its blockchain-specialized cluster project in partnership with the Korea Internet & Security Agency (KISA). The city said on the 19th that it signed a business agreeme
Secures stake ahead of merger with SpaceX Humain, Saudi Arabia’s state-owned artificial intelligence (AI) company, has invested $3bn (about 4.35 trillion won) in Elon Musk’s AI venture xAI. According to the Financial Times (FT) on the 18th (local tim
U.S. spot Solana (SOL) exchange-traded funds (ETFs) recorded net inflows for six consecutive trading sessions. According to SoSoValue on the 19th (local time), spot Solana ETFs saw net inflows of $2.4 million the previous day (the 18th), marking six
The KOSDAQ Index surged on the 19th, buoyed by concentrated buying from foreign investors. The rally is seen as foreign demand translating expectations surrounding the government’s policy push to revitalize the KOSDAQ market into actual flows. Accord
KOSPI closes up 3.09% at 5,677.25 On the 19th, the first trading session after the Lunar New Year holiday, the KOSPI surged more than 3% to rewrite its all-time high yet again. Samsung Electronics led the rally, breaking above 190,000 won on a closin
Despite U.S. President Donald Trump’s unpredictable trade policy and escalating geopolitical tensions involving the Middle East, South America and Greenland, global investors opted to invest in U.S. assets. The U.S. Treasury said on the 18th (local t
The United States, with an all-out war with Iran in mind, has amassed in the Middle East its largest concentration of air power since the 2003 invasion of Iraq. The force posture is such that strikes could be launched immediately once President Donal
Participates with $3 billion in xAI’s $20 billion funding round Investment made just ahead of merger… stake converted into SpaceX shares Saudi Arabia’s state-owned artificial intelligence (AI) company Humain has invested $3 billion (about 4.35 trilli