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23 Feb 2026
South Korea's Kospi hits fresh high as Asian markets brush off Trump's latest tariff moves
Summary
Asian markets rose despite U.S. President Trump’s announcement to increase global tariffs to 15%. South Korea’s Kospi reached a record high, while Hong Kong’s Hang Seng index jumped over 2%. The Supreme Court’s decision to strike down part of Trump’s trade agenda weakened the ability to target individual countries but did not dismantle the broader tariff framework.