South Korean President Lee says he is not worried about the current talks on US chip tariffs, could accelerate US inflation
The South Korean President's comments indicate a lack of concern over ongoing US chip tariff discussions, suggesting a stability in trade relations that could mollify markets.
Japan's DPP Leader Tamaki says the BoJ should hike rates if SMEs sustain wage growth of around 5%; shouldn't rule out FX intervention if Gov't measures to limit long-term rates lead to weakening JPY
[MARKET ANALYSIS] Asia-Pac equities trade mixed, with the KOSPI outperforming with the help of the tech sector
South Korean President Lee says he is not worried about the current talks on US chip tariffs, could accelerate US inflation
South Korean President Lee says the USD-KRW is showing alignment with JPY movement, will work to stabilise the FX market, sees USD/KRW near 1400 in 1-2 months
PBoC injects CNY 363.5bln via 7-day reverse repos with the rate maintained at 1.40%
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However, the mention of accelerated US inflation raises potential macroeconomic implications that could influence monetary policy and market sentiment. Traders should monitor how this rhetoric affects risk assets and the tech sector, especially in relation to US-China supply chain dynamics.
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