Hong Kong Stock Market Falls
South Korea’s won weakened to around 1.424 per dollar on Tuesday, off a more than four-month high hit in the previous session, weighed down by a rebound in the greenback.
The U.S. dollar gained again following President Trump’s decision to exempt key technology products from reciprocal tariffs, along with reports suggesting a potential pause in his proposed 25% levy on auto imports.
Meanwhile, in South Korea, the government announced significant support measures in response to growing concerns over U.S. policy uncertainty and rising global competition. The package includes 33 trillion won won for the semiconductor industry from the 26 trillion won announced in 2024, along with financial aid for chipmakers totaling 20 trillion won, compared with 17 trillion won.
Finance Minister Choi Sang-mok stressed that Seoul will ‘actively consult with the U.S.’ on the Section 232 probe into chip and biopharmaceutical imports to minimize the impact on South Korea’s key industries
Source: Trading Economics
