1. South Korean stocks have been hit hard over the past few weeks due to rising tensions between North Korea and the United States. Investors are now turning their attention towards China and Japan.
2. In addition to the geopolitical concerns, South Korean companies have been struggling with slowing economic growth.
3. The country’s economy grew at its slowest pace since 2012 last year.
4. The government has taken steps to boost growth, including cutting interest rates and boosting public spending.
5. However, many analysts believe that these measures may not be enough to turn around the economy.
6. As a result, investors are looking elsewhere.
7. Japanese stocks have risen sharply in recent days after President Trump said he would meet with North Korean leader Kim Jong Un.
8. Japan’s Nikkei 225 index rose 1.9% on Tuesday.
9. The U.S. dollar fell 0.2% against the yen on Wednesday.
10. The greenback was down 2.1% against the euro.
11. The Dow Jones Industrial Average rose 0.5%.
12. The S&P 500 gained 0.3%, while the Nasdaq Composite added 0.3%.
13. All three major indexes closed higher on Tuesday.
14. The tech-heavy Nasdaq posted its best day in two months.
