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Trump signals he could hike tariffs on South Korea, unsettling regional markets. Microsoft’s latest AI hardware sparks fresh questions over who leads the chipmaking race. And a U.S. winter storm drives energy prices sharply higher amid production shutdowns.‌

Today’s recommended read: World's 'middle powers' de-risking from America, Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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