South Korean TikTok-linked stocks rose after U.S.-China talks hinted at a deal on the app’s future.

South Korean stocks linked to TikTok, including Wisebirds and MOBIDAYS, rose on 16 September after reports of a U.S.-China agreement on the platform’s future during high-level talks in Spain. Wisebirds gained 5.58% and MOBIDAYS climbed 3.43%, both being official TikTok partners. The rally followed ongoing U.S. security concerns over TikTok’s Chinese parent company, ByteDance. Meanwhile, webtoon-related stocks advanced after Disney announced a partnership with WEBTOON Entertainment, acquiring a 2% stake and launching a digital comics platform, boosting shares of Mr. Blue, Ylab, Topco Media, and others.