Issue 9: Never A Dull Moment Even In Korea

12 December 2024

Trump’s tariff war and escalating political risks are keeping markets on their toes even as the year-end approaches. Ignore Trump’s headline grabbing proclamations. If US stock markets correct, and they look ripe for one, buy on dip.  If there is a worry, it’s the collapse of Germany’s coalition government and the ousting of French Prime Minister Barnier. Syria regime change is a non-event while Korea’s soap opera constitutional crisis will pass. Even so, Trading Post is shifting its stance on Korean equities from overweight to neutral, maintaining an overweight position in government bonds and anticipating potential risks of further won depreciation