The Real World Impact of WTO Rulings

Yesterday, the Appellate Body upheld many of the violations found in an earlier panel report relating to Japan's countervailing duties on Korean DRAMS.  Today, the markets reacted:

Seoul shares gained more than 2 percent on Thursday, as local institutional investors chased beaten-down blue chips and chip maker Hynix Semiconductor surged after a WTO ruling in its favour in a Japanese tariff dispute.