U.S. stocks opened higher as investors awaited details from a Trump-Xi phone call, with the Dow, S&P 500, and Nasdaq all rising amid continued support from the Fed’s recent rate cut and strong corporate earnings.
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The dollar-won exchange rate closed at 1,356.50, narrowing losses after a Trump-Xi call revived risk appetite, with limited direction due to Seoul’s holiday closure.
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The dollar-won exchange rate fell sharply in London trading, closing at 1,366.30 won—down 6.80 won—amid expectations for the new Lee Jae-myung administration and global focus on a potential Trump-Xi call.
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US stocks closed higher as hopes for a Trump-Xi call eased trade tensions, with the Dow, S&P 500, and Nasdaq all rebounding despite initial losses; steel stocks surged on tariff hikes, while manufacturing data signaled ongoing contraction.
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