Feb. 23 (Asia Today) — South Korea’s government said Sunday it would maintain round-the-clock market monitoring after the Supreme Court of the United States ruled reciprocal tariffs invalid, adding that the immediate impact on global markets appeared limited.
U.S. and European equities rose on the day of the ruling, while the dollar index remained stable, officials said. Still, Seoul warned that trade uncertainty persists amid signals from Washington about possible new tariff measures and the continuation of sector-specific duties.
First Vice Minister of Economy and Finance Lee Hyung-il chaired an emergency market review meeting in Seoul attended by officials from the central bank and financial regulators.
Participants said global markets reacted calmly on Thursday, when the U.S. court issued its decision. The S&P 500 rose 0.69%, while the Euro Stoxx 50 gained 1.18%. The dollar index fell 0.2%, and yields on 10-year and two-year U.S. Treasury notes each climbed 2 basis points.
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Officials said improved risk appetite contributed to broadly stable trading conditions.
However, they cautioned that policy uncertainty remains after the U.S. government signaled it could impose a 10% tariff on goods from all countries, with a possible increase to 15% the following day. Ongoing geopolitical tensions in the Middle East and Ukraine were also cited as potential risks.
The government said it would continue operating a 24-hour joint monitoring system among relevant agencies and strengthen coordination to respond quickly if volatility increases.
Separately, officials noted that tariffs on automobiles and steel imposed under Section 232 of the Trade Expansion Act remain in place, and that a new investigation under Section 301 of the Trade Act has been launched.
Participants agreed to closely track follow-up measures by Washington and responses from major trading partners, and to work to ensure that South Korea’s export conditions to the United States are not adversely affected.
— Reported by Asia Today; translated by UPI
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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260223010006557
