A Greenlandic flag flies over a residential home on Jan. 21, 2026 in Nuuk, Greenland.
Sean Gallup | Getty Photos
South Korea’s Kospi breached the 5,000 mark Thursday as markets in Asia rebounded after U.S. President Donald Trump walked again on his menace to impose tariffs on European nations over Greenland.
Trump additionally mentioned on the World Financial Discussion board in Davos that he wouldn’t use pressure to accumulate the Arctic island, calming nerves over a potential U.S. navy motion, including that he had “fashioned the framework of a future cope with respect to Greenland,” together with NATO Secretary Basic Mark Rutte.
The Kospi was final up 1.99%, whereas the small-cap Kosdaq index gained 1.73%.
Battery maker Samsung SDI soared 15.28%, whereas conglomerate Doosan gained 8.61%, and heavyweight Samsung Electronics climbed 3.95%.
The nation’s financial system unexpectedly shrank 0.3% on a quarterly foundation within the October to December interval, its sharpest contraction since 2022.
Gross home product grew 1.5% 12 months on 12 months, whereas full-year financial progress slowed to 1%, the weakest since 2020, when output contracted 0.7% throughout the pandemic.
Elsewhere within the area, Japan’s Nikkei 225 was up 1.87%, on tempo to snap its five-day shedding streak, whereas the broad-based Topix rose 0.88%. Japan noticed its December commerce figures launched at this time, with the 5.1% export progress lacking Reuters-polled analysts’ estimates.
Hong Kong’s Grasp Seng index bucked the pattern, falling marginally and seeing losses primarily in fundamental supplies shares, whereas the CSI 300 index on mainland China was flat.
Australia’s S&P/ASX 200 was up 0.71%, after falling within the earlier session.
