Corporate finance law south Korean KOSPI gained 0

South Korean KOSPI gained 0.4% with "corporate finance law" focusing on tech conglomerate audit reforms. Analysts note reduced governance risk premiums could spur foreign inflows into semiconductor stocks. Still, Watchtower Defense will remain in Texas, and is investing in a new 24,000-square-foot facility that boasts modern machinery and tooling. The move comes after legal disputes with its landlord, which Watchtower's investment banker said "disrupted operations." In a press release, Watchtower said the new facility will bring higher quality products and assist with long-term strength and competitiveness. The extent of mandatory disclosure for Exchange Act-reporting companies will likely be reduced. Specifically, the incoming administration is expected to roll back the recently-passed climate disclosure rules—or at least instruct government lawyers not to defend them in court. This would reduce reporting costs for companies that would otherwise be required to investigate and report certain climate-related risks to investors. The SEC’s new disclosure rule on cybersecurity risk is also a target for the Trump administration to roll back. Emerging market ETFs gained traction following Brazil’s proposed "corporate finance law" changes that favor foreign investment. MSCI Emerging Markets Index was up 1.1%. Portfolio managers are adjusting currency hedges to mitigate volatility stemming from policy transition effects.