In-depth: The week in stocks
- 5 years ago
증시 대담
Now it's time on this Monday to look at how markets started the week and what might be in store in the days to come.
For that we're joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thanks for making time today.
You're welcome.
Today we learned that Hanjing Group chairman Cho Yang-ho has died. It was just a couple of weeks ago that he was removed from the board of Hanjin subsidiary Korean Air. Walk us through the action today on the Korean stock market and the Hanjing chairman's death.
South Korean shares closed higher Monday on optimism for trade talks between the United States and China. The benchmark KOSPI gained 0.3 percent, while KOSDAQ gained0.30%. The index started on a strong note as both foreigners and institutions bought local shares amid growing hope for trade talks between Washington and Beijing.
One of the most important news in Korean stock market today was the Korean Air chief's death. The company said Monday that Korean Air Lines Chairman Cho Yang-ho died of a chronic illness less than two weeks after he was removed from the national flag carrier's board room.
Shares of Korean Air Lines and its sister companies on Monday spiked on hopes that Chairman Cho Yang-ho's death would help improve the company's governance structure and force the company to unveil shareholder-friendly measures down the road. As of close, Korean Air Lines surged 4.7 percent and Hanjin KAL, the holding firm of Korean Air, shot up 23.81 percent.
Meanwhile we see global stocks, including Korea, getting a boost from reports that the U.S. and China are within reach of a deal on trade. What do you see happening there?
The U.S. and China have both claimed progress in talks to end their trade war, with President Xi Jinping pushing for a rapid conclusion and President Donald Trump talking up prospects for a “monumental” agreement that may still be some weeks away. The trade deal being crafted would give Beijing until 2025 to meet commitments on commodity purchases and allow U.S. companies to wholly own enterprises in China.
Stocks were higher in the past week, on the prospect that the trade talks would ultimately lead to a deal that could end punitive tariffs and boost earnings growth. In the U.S. stock markets, the S&P 500 rose 0.46% as of market close on Friday. The Dow rose 0.15%, while the Nasdaq rose 0.59% on the same date. Today, Japanese shares dropped(or rose) 0.15% and equities in Hong Kong, Sydney and Seoul moved in the same direction.
Now it's not just those trade talks -- many world leaders are busy with summit diplomacy. Summits between China and Europe, South Korea and the United States coming up later this week. Can investors hope this will relieve some uncertainty?
Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade might look set for disappointment. Brussels is trying to beef up its approach to China as
Now it's time on this Monday to look at how markets started the week and what might be in store in the days to come.
For that we're joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thanks for making time today.
You're welcome.
Today we learned that Hanjing Group chairman Cho Yang-ho has died. It was just a couple of weeks ago that he was removed from the board of Hanjin subsidiary Korean Air. Walk us through the action today on the Korean stock market and the Hanjing chairman's death.
South Korean shares closed higher Monday on optimism for trade talks between the United States and China. The benchmark KOSPI gained 0.3 percent, while KOSDAQ gained0.30%. The index started on a strong note as both foreigners and institutions bought local shares amid growing hope for trade talks between Washington and Beijing.
One of the most important news in Korean stock market today was the Korean Air chief's death. The company said Monday that Korean Air Lines Chairman Cho Yang-ho died of a chronic illness less than two weeks after he was removed from the national flag carrier's board room.
Shares of Korean Air Lines and its sister companies on Monday spiked on hopes that Chairman Cho Yang-ho's death would help improve the company's governance structure and force the company to unveil shareholder-friendly measures down the road. As of close, Korean Air Lines surged 4.7 percent and Hanjin KAL, the holding firm of Korean Air, shot up 23.81 percent.
Meanwhile we see global stocks, including Korea, getting a boost from reports that the U.S. and China are within reach of a deal on trade. What do you see happening there?
The U.S. and China have both claimed progress in talks to end their trade war, with President Xi Jinping pushing for a rapid conclusion and President Donald Trump talking up prospects for a “monumental” agreement that may still be some weeks away. The trade deal being crafted would give Beijing until 2025 to meet commitments on commodity purchases and allow U.S. companies to wholly own enterprises in China.
Stocks were higher in the past week, on the prospect that the trade talks would ultimately lead to a deal that could end punitive tariffs and boost earnings growth. In the U.S. stock markets, the S&P 500 rose 0.46% as of market close on Friday. The Dow rose 0.15%, while the Nasdaq rose 0.59% on the same date. Today, Japanese shares dropped(or rose) 0.15% and equities in Hong Kong, Sydney and Seoul moved in the same direction.
Now it's not just those trade talks -- many world leaders are busy with summit diplomacy. Summits between China and Europe, South Korea and the United States coming up later this week. Can investors hope this will relieve some uncertainty?
Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade might look set for disappointment. Brussels is trying to beef up its approach to China as