Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
A South Korean exchange-traded fund jumped Tuesday to its highest level in two years after exit polls showed a liberal candidate won the country's presidential election.
Moon Jae-in had 41.4 percent of the votes, versus 23.3 percent for conservative candidate Hong Joon-pyo, according to exit polls cited by Reuters. The election ends months of political uncertainty for the longstanding U.S. ally, after President Park Geun-hye was impeached and jailed for alleged corruption.
The iShares MSCI South Korea Capped ETF (EWY), which trades on NYSE Arca, climbed more than 1 percent in morning trade and is now up nearly 24 percent on the year. The 'EWY' is at its highest level since August 2014, completely reversing a two-year slog amid the political scandal.
The largest holdings in the U.S. ETF include the South Korea issues of Samsung Electronics and Hyundai Motor. Samsung is 24 percent of the fund.
EWY two-day performance
To be sure, Moon appears less in line with a more aggressive turn in U.S. policy towards North Korea. Moon opposed the U.S. deployment of a missile defense system in South Korea and supports more engagement with North Korea.
The new leadership could consequently work more closely with China. Beijing has retaliated against South Korean businesses — especially conglomerate Lotte — for allowing the U.S. to construct a missile defense system so close to China's borders.
Earlier this year, shares of the firm's retail arm, Lotte Shopping, had dropped more than 17 percent from a February high. The stock has since more than recovered those losses.