[In-depth] Global market wrap-up _ 070919
- 5 years ago
증시 대담
It's time now for an in-depth look at the market action this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thank you for coming on today.
You're welcome.
So U.S. stocks were down quite a bit overnight now that a rate hike by the Fed looks less likely. It's been a rough week so far in Korea too. What's the story today?
Market expected 3 rate cut by end of this year.
However, better than expected labor data made that expectation lower
Non farm payroll rose 224,000 in June vs. 160,000 estimate
However, unemployment ratio rose
Korean market showing severe correction over 2% yesterday. And today another 0.3%
Chinese market also showed over 2% correction.
Today also additional decline.
Korea China Japan - these dispute putting dent to international trade…
The Korean currency has been on a rollercoaster ride. Last month we got almost to 12-hundred won to the dollar, then back down to almost 11-50. Now we're back up to 11-80. What's causing this volatility, and what's your outlook for the Korean won?
Clearly, international trade issue putting pressure on global market. Korean Won depreciated sharply.
Korea's growth rate will fall to 1.5% level from current estimate of 2%
Korean industry is worried that Japan's trade restrictions on high-tech materials might be expanded to things like cars and steel. How are the markets of both countries reacting to this issue and how big of an impact is it having?
"Tensions between Tokyo and Seoul are intensifying after Japan imposed new restrictions on exports that could hit South Korea's tech industry.
"One analyst suggests the situation could escalate further, with the two governments engaging "in a tit-for-tat exchange of retaliatory measures for at least the several months that further sours bilateral relations."
"The recent tensions between the two countries stem from more than six decades of resentment from South Korea toward Japan. During the Japanese occupation of the Korean Peninsula from 1910 to 1945, many Korean men and women were forced into labor.
The latest escalation seems in part to have been caused by Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in failing to make progress on outstanding disagreements at last month's G-20 summit.
Abe "appears to have been particularly irked" by the failure to resolve "differences over the handling of recent South Korean court rulings awarding damages to Koreans claiming to have been forced to work for Japanese firms during World War II."
Korean's IT companies will accelerate the process of localization of semiconductor materials.
In the short term, further escalation between 2 countries is expected which will put pressure on the equity market movement.
Need to come to agreement at least on the surface.
Alright, Mr. Yoo. That's where we're going to have to leave it today.
Thanks so much for your insights as always.
It's time now for an in-depth look at the market action this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thank you for coming on today.
You're welcome.
So U.S. stocks were down quite a bit overnight now that a rate hike by the Fed looks less likely. It's been a rough week so far in Korea too. What's the story today?
Market expected 3 rate cut by end of this year.
However, better than expected labor data made that expectation lower
Non farm payroll rose 224,000 in June vs. 160,000 estimate
However, unemployment ratio rose
Korean market showing severe correction over 2% yesterday. And today another 0.3%
Chinese market also showed over 2% correction.
Today also additional decline.
Korea China Japan - these dispute putting dent to international trade…
The Korean currency has been on a rollercoaster ride. Last month we got almost to 12-hundred won to the dollar, then back down to almost 11-50. Now we're back up to 11-80. What's causing this volatility, and what's your outlook for the Korean won?
Clearly, international trade issue putting pressure on global market. Korean Won depreciated sharply.
Korea's growth rate will fall to 1.5% level from current estimate of 2%
Korean industry is worried that Japan's trade restrictions on high-tech materials might be expanded to things like cars and steel. How are the markets of both countries reacting to this issue and how big of an impact is it having?
"Tensions between Tokyo and Seoul are intensifying after Japan imposed new restrictions on exports that could hit South Korea's tech industry.
"One analyst suggests the situation could escalate further, with the two governments engaging "in a tit-for-tat exchange of retaliatory measures for at least the several months that further sours bilateral relations."
"The recent tensions between the two countries stem from more than six decades of resentment from South Korea toward Japan. During the Japanese occupation of the Korean Peninsula from 1910 to 1945, many Korean men and women were forced into labor.
The latest escalation seems in part to have been caused by Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in failing to make progress on outstanding disagreements at last month's G-20 summit.
Abe "appears to have been particularly irked" by the failure to resolve "differences over the handling of recent South Korean court rulings awarding damages to Koreans claiming to have been forced to work for Japanese firms during World War II."
Korean's IT companies will accelerate the process of localization of semiconductor materials.
In the short term, further escalation between 2 countries is expected which will put pressure on the equity market movement.
Need to come to agreement at least on the surface.
Alright, Mr. Yoo. That's where we're going to have to leave it today.
Thanks so much for your insights as always.