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South Korean investors abandon crypto, back stocks after Trump tariff tirade
Yahoo Finance· 2026-01-27 10:16
South Korean crypto trading volumes have plummeted after US President Donald Trump announced 25% tariffs on the East Asian nation, with investors instead turning their attention to the stock market. Trump took to Truth Social on January 26 to announce a rise from 15% to 25% in car, pharmaceutical, and lumber industry tariffs. He slammed his South Korean counterpart, Lee Jae-myung, accusing him of failing to “live up to” a $350 billion investment bill agreed upon in July 2025. South Korean stocks took an ...