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South Korean President Faces Treason Investigation and Impeachment Vote

  In a dramatic turn of events, South Korean police have launched an investigation into President Yoon Suk Yeol on charges of treason. This follows his controversial declaration of martial law earlier this week, which was swiftly revoked after widespread backlash. The investigation, initiated by the National Office of Investigation, stems from complaints filed by the Rebuilding Korea Party and a group of 59 activists. The declaration of martial law, which sought to consolidate power, ban political activity, and censor the media, was met with immediate outrage both domestically and internationally. President Yoon's actions have led to calls for his impeachment, with the main opposition Democratic Party planning to vote on the motion this Saturday. The impeachment motion requires a two-thirds majority in the 300-seat parliament to pass, needing at least eight votes from the ruling People Power Party lawmakers. If successful, Prime Minister Han Duck-soo would assume the role of interi...
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Nasdaq Lags as Markets Take a Breather


In today’s trading session, US stocks reversed gains late in the day, signaling a pause in the record-setting run that has characterized Wall Street during the first quarter of 2024. Here are the key highlights:

  1. Nasdaq Composite: The tech-heavy Nasdaq Composite, which had been on track for a record close, dipped approximately 0.4% as the session concluded. Tech stocks faced headwinds, contributing to the overall decline.

  2. S&P 500: The broader S&P 500 index also retreated, falling nearly 0.3%. Investors closely monitored economic data releases, including durable goods orders and the S&P CoreLogic Case-Shiller National Home Price Index.

  3. Durable Goods Orders: In February, durable goods orders rebounded by 1.4%, driven by increases in transportation equipment and machinery orders. This positive data reflects economic resilience.

  4. Home Price Index: The S&P CoreLogic Case-Shiller National Home Price Index rose 6% in January compared to the previous year, marking the highest annual increase since 2022.

  5. Consumer Confidence: The Conference Board’s Consumer Confidence Index remained relatively stable at 104.7 for March. However, the “Expectations Index,” which gauges consumers’ short-term outlook, dipped to 73.8, potentially signaling a future economic downturn.

  6. Upcoming Event: All eyes are on Friday’s release of the Personal Consumption Expenditures Price Index (PCE), a crucial indicator of inflation. Investors eagerly await insights into “core” PCE growth, which the Federal Reserve closely monitors.

  7. Trump Media & Technology Group Corp.: Former President Donald Trump’s social media company made its Wall Street debut after merging with Digital World Acquisition Corp. Shares of Trump Media & Technology Group Corp. (DJT) surged, finishing the day up 16%.

As the week progresses, keep an eye on economic indicators and corporate developments. The stock market remains dynamic, and investors should stay informed to navigate these fluctuations effectively. 

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