Story perspectives
KOSPI Soars 2% Amid Election Win; Dollar Dips
6/4/2025
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Story summary
- South Korea's KOSPI surged over 2% after Lee Jae-myung's election victory, boosting Asian stocks.
- The US dollar declined to six-week lows, influenced by trade war concerns and increased tariffs on steel and aluminum.
- OECD revised global GDP growth forecast down to 2.9% for 2025, attributing it to ongoing trade tensions.
- Precious metals prices dropped as a stronger dollar overshadowed safe-haven demand amid geopolitical uncertainties.
