South Korean Trade Ministry says South Korea and China are to hold a new round of free-trade negotiations on services and investment
This announcement regarding the restart of free-trade negotiations between South Korea and China signals a potential thaw in trade relations, which could enhance market confidence in both economies.
PBoC is expected to set USD/CNY mid-point at 6.9689 (prev. 7.0078)
[MARKET UPDATE] Euro Stoxx 50 futures opens down -1.2%, DAX -1.3%, as trade tensions re-arise between Europe and the US
South Korean Trade Ministry says South Korea and China are to hold a new round of free-trade negotiations on services and investment
[MARKET UPDATE] Nikkei 225 opens -0.8% while the KOPSI outperforms equity markets, +0.2%; Bitcoin falls ~USD 1,500 at the Japanese/South Korean open
UK Rightmove House Prices MM (Jan) 2.8% (Prev. -1.8%)
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Positive outcomes from these discussions may impact regional trade dynamics and lead to increased investment flows, benefiting sectors with strong ties to both markets. Keep an eye on related assets like South Korean equities and currencies, as they might react to any positive developments or announcements.
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