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Asian stock markets surged, led by South Korea's Kospi after Lee Jae-myung's presidential win, despite economic challenges and Trump's tariffs. US markets also rose, driven by tech stocks, while the OECD cut the US growth outlook. Investors are hopeful about potential trade deals, but uncertainty persists due to tariffs and paused forecasts....
Treasury Secretary Scott Bessent on Tuesday flagged a potential energy investment deal in Alaska involving key Asian economic partners, in the broader context of trade talks in the wake of President Donald Trump's steep reciprocal tariffs....
Posco and Hyundai Steel say investments in operations in the U.S. are among their options. Meanwhile, European steel mills warn of a flood of surplus metal....
South Korea is seeking to implement tariffs on some Chinese steel and producers on concerns over an influx of cheaper products flooding the market, following a similar measure from the Trump administration....
South Korea is considering enforcing anti-dumping measures on some steel products from China and Japan, amid concerns that cheap imports are out-competing local makers....
South Korea's Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals....
South Korean firms tend to have lower valuations compared to their overseas peers due to low dividend payouts and the dominance of family-run conglomerates....