China's commerce ministry plans to restrict exports of technology crucial for battery production and processing critical minerals like lithium and gallium. Meanwhile, South Korea grapples with political uncertainty as the country's corruption watchdog seeks to arrest former President Yoon Suk Yeol following his attempted martial law in December. Asian markets are set to open mixed, while U.S. stocks ended lower on the first trading day of 2025, impacted by tech stock declines.
China 's commerce ministry plans to impose export restrictions on certain technology used to make battery components and for processing critical minerals like lithium and gallium, according to a notice issued on Thursday.
South Korea's corruption watchdog has moved to execute an arrest warrant for impeached President Yoon Suk Yeol, according to local media Yonhap News, Asian markets were set to open mixed Friday, as U.S. stocks ended lower on the first trading session of 2025, weighed down by tech stocks.Investors in Asia will continue to assess the political uncertainty in South Korea as the country's corruption watchdog seeks to, according to local media Yonhap News. Yoon's short-lived martial law attempt on Dec. 3 has led to a political turmoil in the country.
China's commerce ministry plans to impose export restrictions on certain technology used to make battery components and for processing critical minerals like lithium and gallium, according to aThe three major U.S. indexes ended the first trading session of the new year lower, extending the weakness at the end of 2024, signaling the markets may not see a"Santa Claus rally" this year.
That marked the fifth straight session in the red for the S&P 500 and Nasdaq, their longest losing streaks since April. Big tech stocks weighed down the market, with Apple falling 2.6%, and Tesla slumping 6% on lower annual deliveries.San Diego State University
Technology Politics China Export Restrictions Battery Technology Lithium Gallium South Korea Political Turmoil Yoon Suk Yeol Asian Markets U.S. Stocks
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