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The Latest Breaking News from South Korea

Trump And Xi Found A Trade Truce—But Wall Street Wanted More

Markets barely flinched after President Donald Trump's high-profile meeting with Chinese leader Xi Jinping in South Korea, as investors found little substance in the much-hyped U.S.-China trade truce that largely echoed prior leaks and delivered few surprises.

Benzinga

Trump-Xi talks will not have changed the priorities of the Chinese government

China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US…

The Conversation

Seth Meyers on Trump’s South Korea visit: ‘Getting the royal treatment he so desperately craves’

Late-night hosts discussed Seoul’s gift of a golden crown to Trump and an escaped-monkey situation in Mississippi

The Guardian - US

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Nvidia Effect: Key Suppliers Have Already Sold Out AI Memory Chips For 2025

Nvidia Corp's (NASDAQ:NVDA) insatiable demand for advanced artificial intelligence memory chips has sparked a boom for South Korea's chip giants — propelling SK Hynix to record profits and pushing Samsung Electronics Co, Ltd (OTC:SSNLF) to sell out its next-generation high-bandwidth memory (HBM) supply for 2025.

Benzinga

The Layoffs Are Coming To The EV Sector. Here's What It Means

Today on Critical Materials: General Motors lays off 3,300 EV workers, South Korea strikes a tariff deal, and Stellantis gets into robotaxis.

InsideEVs

South Korean and Japanese leaders vow to improve ties in face of global uncertainty

South Korean President Lee Jae Myung and Japan’s new Prime Minister Sanae Takaichi on Thursday pledged to strengthen ties between the neighbors, whose relations have long been strained by their bitter wartime history

The Independent UK

Trump and Xi Seek to Reset US-China Trade Relations in South Korea Summit

Trump and Xi agree to lower tariffs and restart trade talks during a South Korea summit, signaling a potential reset in U.S.-China relations.

International Business Times

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Jim Cramer Says 'I Want President Trump To Let The Chinese Have' Nvidia's Chips Amid Trump-Xi Summit

CNBC’s ‘Mad Money’ host Jim Cramer delivered a stunning declaration on Thursday amid the high-stakes “G2” summit in South Korea, stating he wants President Donald Trump to “let the Chinese have” advanced U.S. microchips, including those from Nvidia Corp. (NASDAQ:NVDA).

Benzinga

Trump announces deal with China after face-to-face talks with Xi in South Korea

Washington and Beijing are "in agreement on many things," Trump said after the meeting that lasted nearly two hours, the first between both leaders in six years.

Euronews

Donald Trump praises ‘great’ Washington meeting with Anthony Albanese as leaders dine at Apec

US president tells reporters he and Australian PM ‘working on a lot of things together’

The Guardian - AU

Trump-Xi meeting: US president says rare earths deal and tariff cut agreed

Donald Trump hails ‘amazing’ trade talks with Chinese counterpart, with ‘no roadblock at all on rare earth’

The Guardian - UK

Trump calls China’s Xi Jinping a ‘tough negotiator’ ahead of meeting amid escalating trade tensions and fragile global markets

High-stakes sit-down follows months of tensions and tariff threats over China’s rare earth export controls

The Independent UK

Senate passes bill to nullify Trump’s sweeping global tariffs on more than 100 nations – as it happened

This live blog is now closed.

The Guardian - US

Cotton Rallies into Wednesday’s Close

Cotton futures were up 91 to 96 points higher across most contracts on Wednesday. Crude oil futures were up 21 cents/barrel to $60.36, with the US dollar index back up $0.502 to $98.955. There was some optimism ahead of the Trump/Xi meeting later this evening into Thursday in South Korea....

Barchart

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The Independent UK

South Korea to build nuclear submarine after Trump says US will share tech

Lee says if South Korea is equipped with nuclear submarines, it could help US activities in region

AAP

PM optimistic Trump and Xi will reduce trade tensions

Anthony Albanese is hopeful a hotly anticipated meeting between the world's most powerful leaders will lead to a reduction in trade barriers.

The Independent UK

Trump and China's Xi are meeting in South Korea to try to roll back months of trade tensions

President Donald Trump and Chinese leader Xi Jinping are meeting face-to-face today in South Korea

Barchart

Dollar Rallies on Hawkish Powell

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

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The Guardian - AU

Former Adelaide MP named new ALP president – as it happened

This blog is now closed

Euronews

North Korea boasts of cruise missile test as Trump visits South Korea

US President Donald Trump sought to downplay the incident, saying he still wanted to meet North Korean leader Kim Jong-un for talks.

Barchart

Dollar Climbs as Global Trade Tensions Ease

The dollar index (DXY00 ) today is up by +0.18%. The dollar is climbing today on easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments and cap...

Benzinga

Amazon Web Services To Invest At Least $5 Billion In South Korea's AI Sector By 2031

Amazon.com Inc.’s (NASDAQ:AMZN) cloud computing unit has committed to investing a minimum of $5 billion in South Korea by 2031 to establish new artificial intelligence (AI) data centers.

The Independent UK

Trump honoured with golden crown by South Korea: ‘I could wear it right now’

Donald Trump has been awarded South Korea’s highest honour, the Grand Order of Mugunghwa, for his contribution "to the national security of Korea."

The Independent UK

Trump uses fake Indian accent to impersonate India’s leader in rambling speech to Korean delegation

Donald Trump mimics Narendra Modi as he attempts to take credit for ending May’s India-Pakistan war at APEC summit in South Korea

The Independent UK

Trump says US-South Korea trade deal ‘pretty much finalised’ after hours of talks

Donald Trump said the U.S. has “pretty much finalised” the details of a fraught trade deal with South Korea as he marked the last pitstop on his whirlwind Asia tour Wednesday.

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