{"id":74362,"date":"2026-11-08T23:08:12","date_gmt":"2026-11-09T03:08:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-beijing-extends-trade-truce-as-seoul-reviews-10b-nuclear-outlay\/74362\/"},"modified":"2026-11-08T23:08:12","modified_gmt":"2026-11-09T03:08:12","slug":"global-markets-update-beijing-extends-trade-truce-as-seoul-reviews-10b-nuclear-outlay","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-beijing-extends-trade-truce-as-seoul-reviews-10b-nuclear-outlay\/74362\/","title":{"rendered":"Global Markets Update: Beijing Extends Trade Truce as Seoul Reviews $10B Nuclear Outlay"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>China extends its trade truce with the U.S. until January 10, 2027<\/strong>, maintaining a <strong>10% tariff rate<\/strong> on American imports while pausing a steeper <strong>24% levy<\/strong>.<\/li>\n<li><strong>South Korea pauses a $10 billion remittance<\/strong> for a U.S. nuclear project, citing the need for a full feasibility assessment amid shifting demand from AI data centers.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) perpetual futures fell 3%<\/strong> on the Hyperliquid exchange following reports of an investigation into a potential foreign intelligence targeting of its CEO.<\/li>\n<li><strong>Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> slipped<\/strong> as diplomatic efforts in the Middle East reduced the geopolitical risk premium, with Brent crude trading near <strong>$94 per barrel<\/strong>.<\/li>\n<li><strong>The KOSPI index gained 2%<\/strong> in early Monday trading, recovering from previous volatility as investors moved back into large-cap non-chip stocks.<\/li>\n<\/ul>\n<h2>Trade and Geopolitics: China Extends Tariff Pause<\/h2>\n<p>Beijing has officially extended its suspension of additional <strong>24% tariffs<\/strong> on U.S. imports until <strong>January 10, 2027<\/strong>. The Chinese Finance Ministry confirmed that the existing <strong>10% tariff rate<\/strong> will remain in effect during this period. This extension provides a two-month window for continued negotiations between the world\u2019s two largest economies following the recent U.S. midterm elections.<\/p>\n<p><em>Market analysts view the move as a strategic &quot;wait-and-see&quot; approach from Beijing<\/em> as it assesses the future of U.S. trade policy. The pause covers a wide range of American goods that would have otherwise faced punitive duties. This development comes as both nations attempt to stabilize a trade framework that has seen significant volatility over the past two years.<\/p>\n<h2>Energy and Infrastructure: Seoul Scrutinizes $10B Nuclear Deal<\/h2>\n<p>The South Korean government has announced it will carefully assess a <strong>$10 billion advance payment<\/strong> intended for a massive U.S. nuclear power project. The funds were earmarked for &quot;long-lead items&quot; like reactor vessels for eight planned reactors in the United States. However, Seoul officials now state that the remittance will only proceed after a <strong>full business feasibility assessment<\/strong> is completed.<\/p>\n<p>The project, known as <strong>&quot;Project Power,&quot;<\/strong> involves a collaboration between Korea Electric Power Corp. (<a href=\"\/stock\/KEP\">KEP<\/a>), Korea Hydro &amp; Nuclear Power, and Westinghouse. Concerns have emerged that stricter regulations on <strong>AI data centers<\/strong>\u2014the primary expected consumers of the plant&#39;s electricity\u2014could undermine the project&#39;s economic viability. <em>Lawmakers in Seoul have urged caution<\/em>, noting that the project remains in its early stages and requires clearer long-term power purchase agreements.<\/p>\n<h2>Technology and Markets: Nvidia Futures Slide, KOSPI Rebounds<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) saw its perpetual futures drop approximately <strong>3%<\/strong> on the decentralized exchange <strong>Hyperliquid<\/strong>. The decline followed news that the company is investigating whether CEO Jensen Huang was the target of a foreign intelligence effort. The contract, which tracks the spot price via an oracle feed, fell to around <strong>$180.30<\/strong> in out-of-hours trading.<\/p>\n<p>Meanwhile, South Korea\u2019s <strong>KOSPI<\/strong> index rose <strong>2%<\/strong> in early Monday trading, reaching the <strong>5,100-point level<\/strong>. While semiconductor heavyweights like Samsung Electronics (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) saw mixed results, buying interest surged in the biotech and automotive sectors. Hyundai Motor (<a href=\"\/stock\/HYMTF\">HYMTF<\/a>) and Samsung Biologics were among the <a href=\"https:\/\/stockmarketwatch.com\/movers\/today\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Top Stocks\">top gainers<\/a> as institutional investors led a recovery from last week&#39;s sell-off.<\/p>\n<h2>Regional Outlook: Philippines Growth Review and Oil Softness<\/h2>\n<p>The Philippines is preparing to review its economic growth projections during a high-level meeting scheduled for <strong>early December<\/strong>. Officials from the Development Budget Coordination Committee will assess macroeconomic targets as the country faces headwinds from recent typhoons and a slowdown in public investment. The <strong>World Bank<\/strong> recently adjusted its 2025 growth forecast for the Philippines to <strong>5.1%<\/strong>, citing weaker global demand.<\/p>\n<p>In the commodities market, <strong>crude oil<\/strong> prices drifted lower amid signs of easing tensions in the Middle East. <strong>Brent crude<\/strong> settled lower as the <strong>Wall Street Journal<\/strong> reported increased optimism regarding a diplomatic resolution to regional conflicts. <em>The reduction in the geopolitical risk premium<\/em> has offset concerns regarding supply disruptions in the Strait of Hormuz, providing some relief to global energy markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways China extends its trade truce with the U.S. until January 10, 2027, maintaining a 10% tariff rate on 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