South Korea's KOSPI fell 123.48 points, or 1.79%, to 6,788.89 at the close on Friday, Aug. 28; SK Hynix dropped 3.87% and Samsung Electronics fell 2.81%.

{"title":"Trump signs order renaming Canada's Lake Ontario 'American Lake'","content":"President Trump on Thursday signed an executive order formally renaming Canada's Lake Ontario 'American Lake', a symbolic move amid an escalating U.S.-Canada trade dispute. In the Oval Office Trump said "'American Lake' is a name I've been thinking about for a long time. We have a gulf (he called the Gulf of Mexico 'American Gulf') and a lake. Now we only lack an ocean," adding he might rename the Atlantic or Pacific, "maybe both." He previously posted an image renaming the Strait of Hormuz 'Trump Strait'."}

U.S. court filings show Turkey on Aug. 8 hired Ballard Partners on a one-year, $2.4m contract to provide government-relations, strategic advice and lobbying; the team includes Brian Ballard and former Trump aide Thomas Budri. Ballard Partners previously held a $1.5m 2017 contract tied to Kharg Bank’s efforts to avoid sanctions; the DOJ dropped charges against the bank earlier this year. The new agreement lists Turkey’s defence ministry as the primary client. Ankara is seeking to re-enter the F-35 program and to take delivery of six F-35s held in the U.S.; Turkey was expelled from the programme in 2019 after buying Russia’s S-400 air-defence system. Reports say Turkey is considering selling its S-400s to a third country, possibly the UAE, as leverage to persuade Washington to lift sanctions.