Trade Tensions
Koreans express high expectations for APEC summit
Raj Patel AI द्वारा उत्पन्न छवि
A Korea Times-commissioned poll shows South Koreans expect the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju to boost diplomatic prestige and cultural promotion. Many view the Trump-Xi meeting as key to easing trade tensions, with potential gains for the Lee government. Yet, concerns persist that without tangible economic results, the event could backfire.
BYD Accelerates Expansion in Spain's EV Market
AI द्वारा रिपोर्ट किया गया
Chinese electric vehicle manufacturer BYD is rapidly gaining ground in Spain through aggressive pricing and swift dealership growth, challenging European automakers amid rising trade tensions. The company's strategy has propelled it to a notable market share in a short time, drawing both consumer interest and regulatory scrutiny. This expansion highlights broader shifts in the global automotive industry as affordable Chinese EVs flood Western markets.
Bitcoin rebounds above $110,000 despite trade tensions
Bitcoin's price climbed back above the $110,000 level on Monday, as investors overlooked a recent massive liquidation in the crypto market and escalating U.S.-China trade disputes. The cryptocurrency received support from technical indicators amid softened rhetoric from President Donald Trump on trade issues. Trading at $110,900, it has gained 18% year-to-date but remains below its recent record high.
Jerome Powell's speech anticipated to impact crypto market
Federal Reserve Chair Jerome Powell is set to deliver a speech today, with traders closely monitoring its potential effects on the cryptocurrency market. The address comes amid a recent crypto crash triggered by escalating U.S.-China trade tensions. Investors hope for signals on interest rate adjustments that could either stabilize or further unsettle Bitcoin and other digital assets.
Bitcoin rebounds from sell-off on easing trade tensions
AI द्वारा रिपोर्ट किया गया
Bitcoin has recovered some losses after a sharp downturn triggered by U.S. tariffs on China, with the cryptocurrency trading around $115,000 to $116,000 on Monday. The sell-off led to a record $19 billion in market liquidations over the weekend. President Donald Trump's reassuring comments on Sunday helped ease fears of escalating trade conflicts.