The port at Busan, South Korea, in 2020.
South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond.
Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs.
Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month.
South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.
Persons:
Australia's
Organizations:
Dow Jones Industrial, Nasdaq, Kospi, Nikkei
Locations:
Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific