South Korea readies market steps ahead of US midterm trade shifts

South Korea’s financial authorities say they will closely watch how the U.S. midterm elections affect markets and stand ready to take stabilization measures amid volatility tied to global economic and political developments. Analysts and industry observers expect a change in congressional control to bring greater scrutiny of President Trump’s trade policies, but not an immediate or sweeping shift in tariffs, since the administration retains substantial authority and the president could veto legislation. South Korean exporters in autos, semiconductors and batteries are therefore preparing for continued policy uncertainty, including pressure to expand U.S. production while managing the costs of imported parts and materials. Thailand also faces potential effects on its export-led economy, particularly in electronics, vehicles and agriculture, as U.S. policy toward China and technology supply chains could reshape regional trade and investment.