Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

MarketWatch Thursday 27 August 2026, 09:34 UTC By Jules Rimmer 1 min read

Key Points

The Bank of Korea tightened monetary policy by 25 basis points to 3% Thursday while simultaneously raising growth forecasts. Asia’s third-largest economy is being powered by an AI boom that Nvidia’s second-quarter results confirmed is far from being over.

Asia (LOCATION) Nvidia (ORG) The Bank of Korea (ORG) AI (ORG)

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From India and Canada to Iran and Venezuela, the countries may be thousands of miles apart and have little in common economically. Yet they have found themselves facing the same problem: an unpredictable US trade policy under President Donald Trump, in which tariffs and sanctions are being deployed for reasons that go beyond conventional trade disputes. Trade deficits remain a key justification for many measures, but Trump has increasingly tied economic pressure to wars, Russian oil,...

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Nvidia stock is climbing after another set of blockbuster results. Here’s what Wall Street is saying.

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Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

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