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Asian Stocks Dip On Korea Tariffs, Yen Holds Gains: Markets Wrap
Www.Ndtvprofit.Com· 2026-01-27 01:09
Market Overview - Asian equities experienced a decline due to resurfacing tariff concerns, particularly after President Trump threatened to raise levies on South Korean goods, with the Kospi Index falling by 0.9% [1] - The yen maintained its gains, trading around 154 per dollar, amid speculation of potential US-Japan intervention [2][5] - Tariff concerns have intensified as Trump warned of 100% levies on Canada, adding uncertainty in a crucial week for investors with major technology earnings reports approaching [3] Technology Sector - The technology sector is under scrutiny, with a focus on whether major tech companies can sustain the recent AI-driven rally. Companies representing about one-third of the S&P 500's market capitalization are set to report earnings this week [4] Corporate Developments - Morgan Stanley is enhancing its collaboration with Mitsubishi UFJ Financial Group to increase market share in Japan [9] - Zijin Mining Group's subsidiary has agreed to acquire Allied Gold Corp. for C$5.5 billion (approximately $4 billion), marking a significant expansion for the Chinese company [9] - A proposal by China's Sinochem Group to address regulatory risks for Pirelli & C. SpA was rejected by its largest Italian investor, widening the split between the two major stakeholders [9]