S&P 5007,785.76▼0.2% Nasdaq26,729.16▼0.3% Dow53,732.41▼0.2% Russell 2K3,068.42▲0.5% 10-Yr4.70%+6bp VIX14.25−0.38 WTI$82.40▲1.4% Gold$4,432.00▲1.6% EUR/USD1.157▲0.4% BTC$78,580▲7.6% Nikkei68,309▲1.2%
At close · Fri, Aug 14, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsTrade & TariffsWang Yi urges South Korea to avoid bloc confrontation…

Wang Yi urges South Korea to avoid bloc confrontation after missile launches

North Korea fired more than 10 short-range ballistic missiles Thursday, leading Seoul’s presidential office to convene an emergency security meeting.

China’s top diplomat, Wang Yi, concluded a two-day visit to South Korea but declined to endorse Seoul’s push for multiparty peace talks involving North Korea, South Korea’s immediate security focus intensified as North Korea launched more than 10 short-range ballistic missiles on Thursday.

According to the foreign ministry in Beijing, Wang urged President Lee Jae Myung and other senior officials to pursue “genuine strategic autonomy,” avoid “bloc confrontation or taking sides,” and develop relations with Beijing and Washington in a “mutually compatible manner.”

The trip came after President Xi Jinping’s first visit to Pyongyang in seven years in June, and it followed US President Donald Trump’s decision to scale back joint military exercises with South Korea and call for further talks.

During the visit, both sides said bilateral ties had “fully recovered” after years of strain, citing recent exchanges between their leaders and renewed cooperation on trade, technology, and people-to-people exchanges, the SCMP Economy reported.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.