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However, there are mounting apprehensions regarding how U.S. fiscal policies, particularly under prospective President Donald Trump, will affect emerging markets like South Korea and across the continent. Investors are weighing the potential for increased tariffs and geopolitical tensions, especially with China, as discussions surrounding international trade and economic cooperation intensify.
Oil Market Dynamics Amidst Political Unrest
OPEC+ Meeting and Oil Prices
As political conditions fluctuate, oil markets are holding steady ahead of the OPEC+ meeting. The continued rise in U.S. oil production is expected to counteract any output cuts from OPEC+, contributing to a stable yet range-bound crude price environment.