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High chance of S.Korean stocks joining developed market index: regulator

SEOUL (Reuters) -The vice chief of South Korea's financial regulatory agency said on Monday there is a high likelihood of the country's stock market being included in a key developed market index in the near future. "We see a very high possibility of being included soon, if not this time," Kim So-young, vice chairman of the Financial Services Commission, said at a press conference held in Seoul for foreign media. The stock market of Asia's fourth-largest economy is currently categorised as an emerging market by global index provider Morgan Stanley Capital International (MSCI), despite many other metrics indicating its developed-economy status.

Dollar, Stock Futures Decline as Trump Berates Fed: Markets Wrap

(Bloomberg) -- A gauge of the dollar fell to the lowest since January 2024 and US stock-index futures retreated after President Donald Trump’s criticism of the Federal Reserve raised concerns over its independence.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveWhy the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transi

Stocks, dollar slide as Trump's attacks on Fed shake markets

SINGAPORE (Reuters) -Asian equities and U.S. stock futures slid on Monday as anxiety over tariffs and criticism of the Federal Reserve by President Donald Trump shook investor confidence, pushing the dollar sharply lower and catapulting safe-haven gold to a record high. Trump launched a scathing attack against Fed Chair Jerome Powell on Thursday, with his team evaluating whether they could fire Powell, a move that would cast doubts about the central bank's independence and further erode faith in U.S. assets. "Markets are already on edge due to escalating geopolitical tensions, and now concerns are rising that Trump's potential interference with the Fed could add another layer of uncertainty," said Charu Chanana, chief investment strategist at Saxo in Singapore.