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Analysts have also warned that a Huawei ban would have a significant impact on the British economy. Huawei is a leading supplier of global network infrastructure, and a recent report from London-based technology analysts Assembly Research estimated that a ban on Huawei would delay the 5G rollout in Britain by up to two years and cost the economy up to 6.8 billion pounds (.8 billion).

Andras Inotai, research professor at the Hungarian Academy of Science's Institute of World Economics, described the US tariffs move as an "own-goal," saying a sound solution to any trade dispute should be filed at the WTO.

Analysts said the recent tensions merely reflect a more independent ROK flexing its political muscle.

Analysts say the move is to boost new energy vehicle sales in world's largest car market

Analysts predicted that central banks will continually add gold in the official reserves, given the uncertainties of China-US trade talks and gloomy global economic outlook.