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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“WHAT IS GOING ON IN SOUTH KOREA? Seems like a Purge or Revolution. We can’t have that and do business there. I am seeing the new President today at the White House. Thank you for your attention to this matter!!!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s social media post raises concerns about political instability in South Korea, which could lead to increased volatility in the stock market. Investors might react negatively, causing a potential dip in the iShares MSCI South Korea ETF as they reassess the risks of doing business in the region. The meeting with the South Korean President could either alleviate or exacerbate these concerns, depending on the outcomes and statements released thereafter.
Here are some of the stocks that might be affected:
iShares MSCI South Korea ETF ((EWY)).