Global markets watch closely as Supreme Court weighs legality of Trump’s tariffs

January 7, 2026

Global markets are on edge as the US Supreme Court prepares to rule on legal challenges to Donald Trump’s tariffs. The verdict could reshape presidential powers, global trade flows and potentially trigger billions of dollars in tariff refunds.

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South Korea’s KOSPI drops 7% as global chipmaker selloff deepens

South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK

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