Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Shares of South Korean steelmakers tumbled Monday after U.S. President Donald Trump pledged to impose new tariffs on steel and aluminum imports.
POSCO (NYSE:PKX) Holdings fell as much as 3.6% to 230,500 won, hitting its lowest level since October 2022. Hyundai Steel (KS:004020) dropped 2.9%, reaching a record low.
Trump announced plans to implement a 25% tariff on all steel and aluminum imports into the U.S., escalating trade tensions. The proposed duties would be in addition to existing tariffs, further pressuring global metal markets and South Korean exporters.
The sell-off extended to South Korean automakers, with Hyundai Motor (OTC:HYMTF) slipping 0.7% and Kia Corp declining 2%. The broader KOSPI index also lost 0.5%.
Market analysts suggest the new tariffs could negatively impact South Korean steel and auto manufacturers, which rely on U.S. exports. Investors are closely monitoring further trade policy developments that could disrupt global supply chains.
