U.S. Oil Prices Slide as Middle East Ceasefire Talks Spark Market Optimism 
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs 
Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
Asian Stocks Gain Amid Iran Conflict Uncertainty 
Currency Markets Show Caution Amid U.S.-Iran Negotiations 
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Gold Prices Surge on U.S.-Iran Ceasefire Reports 
U.S. Futures Slide as Iran Denies Nuclear Talks with Washington 
Shares of South Korean steelmakers tumbled Monday after U.S. President Donald Trump pledged to impose new tariffs on steel and aluminum imports.
POSCO (NYSE:PKX) Holdings fell as much as 3.6% to 230,500 won, hitting its lowest level since October 2022. Hyundai Steel (KS:004020) dropped 2.9%, reaching a record low.
Trump announced plans to implement a 25% tariff on all steel and aluminum imports into the U.S., escalating trade tensions. The proposed duties would be in addition to existing tariffs, further pressuring global metal markets and South Korean exporters.
The sell-off extended to South Korean automakers, with Hyundai Motor (OTC:HYMTF) slipping 0.7% and Kia Corp declining 2%. The broader KOSPI index also lost 0.5%.
Market analysts suggest the new tariffs could negatively impact South Korean steel and auto manufacturers, which rely on U.S. exports. Investors are closely monitoring further trade policy developments that could disrupt global supply chains.
