Seoul stocks dive on South Korea woes as Asian markets struggle [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
The situation is being closely watched by traders, but its impact on the market is not yet clear. South Korean stocks tumbled on Monday due to political uncertainty after President Yoon Suk Yeol escaped impeachment following his brief imposition of martial law last week. The crisis has fuelled concerns about Asia's number four economy, which was already struggling and faces further pain as Donald Trump heads back to the White House threatening to resume his hardball trade policy. Top Chinese leaders met to draw up their economic plans for next year, with the Politburo saying it will implement a more active fiscal policy and an appropriately relaxed monetary policy. This decision comes as Beijing prepares for Trump's second presidency amid concerns of another painful trade war between the superpowers. The US economy added more jobs than forecast last month, leading to record highs on Wall Street. Focus is now on the Federal Reserve's policy meeting next week when it is tipped to
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