Group 1: U.S. Stock Market Reaction - U.S. stock futures are mixed, with S&P 500 Futures up 0.05% at 6,985.25, Nasdaq Futures up 0.24% at 25,913.25, and Dow Futures down 0.30% at 49,416.00 [1] - South Korea's KOSPI index is up 0.62% at 4,980.26 despite the tariff announcement, while major U.S.-exposed stocks like Hyundai Motor Company and Kia Motors Corp. are down by 1.93% and 2.96% respectively [2] Group 2: Tariff Announcement and Impact - President Trump announced a tariff increase on South Korean exports, including automotives, lumber, and pharmaceuticals, from 15% to 25% due to legislative failures in South Korea [2] - The tariff increase is part of a broader trade agreement issue between the U.S. and South Korea, which Trump described as "historic" [2] Group 3: Commodity Market Movements - Silver prices experienced a pullback after reaching a record high of $117.69 per ounce, currently trading at $109.92 per ounce, up 5.95% [3] - Gold prices also hit an all-time high of $5,111.21 before retreating to $5,066.83 per ounce, reflecting a 1.17% increase [3] Group 4: Currency and Economic Indicators - The U.S. Dollar Index (DXY) is flat, trading at 97.075 against a basket of currencies, showing minimal reaction to the tariff threats [4] - Investors are anticipating earnings reports from UnitedHealth Group Inc., Boeing Co., and General Motors Co., along with the release of the Case Shiller 20-City Home Price Index and the Consumer Confidence Report [4]
Dow Down 150 Points As Trump Announces Fresh Tariffs Against South Korea For Not Following Through On 'Historic Trade Agreement' - Boeing (NYSE:BA), General Motors (NYSE:GM)