U.S. federal judge halts Trump’s asylum ban, ruling it exceeds presidential authority
According to Jinse Finance, a federal judge on Wednesday blocked an executive order by Trump that sought to prevent border-crossing migrants from seeking asylum or applying for deferred deportation in the United States, ruling that the order exceeded the president’s executive authority. U.S. District Judge Randolph Daniel Moss, appointed by former President Obama, stated on Wednesday that the order went beyond the president’s power to suspend immigration law protections, emphasizing that neither the Immigration and Nationality Act (INA) nor the Constitution grants the executive branch the authority to override the INA and its regulatory provisions. Trump advisor Stephen Miller criticized the ruling on social media.
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Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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