In-depth: Global market wrap-up _ 051519
- 5 years ago
증시 대담
Now it's time for an in-depth look at markets around the world, including Korea's.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute. Dr. Hwang, thanks for coming on today.
You're welcome.
Stocks on Wall Street overnight seemed to stabilize after President Trump said that the trade talks with China will continue. All three main indices up the Nasdaq by more than 1 percent. Are investors reassured that in the end there'll be a deal?
Stocks ended higher Tuesday, regaining some of the sharp losses from the previous session, as the market weighed down the impact of the escalating trade war between the United States and China. The reason we are seeing this recovery is because the fundamentals haven’t changed and the U.S. economy still remains strong. Ongoing trade flare-ups may continue to swing the stocks in the near-term, but I think the market may already have priced a lot of this in.
Asian stocks struggled near a 3-month low on Wednesday on lingering concerns over the economic impact of a U.S.-China trade war, although an overnight bounce on Wall Street helped recover some of losses from previous sessions. South Korea’s KOSPI added 0.1 percent, Japan’s Nikkei gained 0.4 percent, and Shanghai composite rose 0.7 percent. Investors will have to brace for a protracted U.S.-China trade war.
Because of these trade tensions, in large part, the Korean won continues to weaken. It's at a more than two-year low against the dollar. Why is it that the won is affected so much, and how long will this go on?
The South Korean won was traded at 1,189.20 won per dollar as of close today, up 0.20 won from Tuesday's close. The local currency, one of the world's worst-performing currencies over the past month, may further lose ground down the road, possibly flirting with the 1,200-won threshold, given a slew of factors pointing in that direction, although its current downward momentum may ease in the near term.
The market sentiment is so risk-averse, and the won-dollar rate will attempt to further rise. The Korean won has been on the weak side since the U.S. and China reopened a trade dispute. Adding further downside pressure on the currency is the country's weaker than expected economic performance in the first quarter. Investors will need to pay more attention to such factors as the Chinese yuan's moves, foreign investors' actions on the local stock market, and the currency authorities' response.
So now we have the jobs figures for April. More than 170 thousand people hired last month. But at the same time, youth unemployment at an all-time high of 11-and-a-half percent. What effect, if any, do indicators like this have on local stocks?
South Korea's jobless rate rose to 4.4 percent in April, government data showed Wednesday, in the latest sign of a weak job market amid an economic slowdown. The unemployment rate increased 0.3 percentage point from a year earlier, according to the data compil
Now it's time for an in-depth look at markets around the world, including Korea's.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute. Dr. Hwang, thanks for coming on today.
You're welcome.
Stocks on Wall Street overnight seemed to stabilize after President Trump said that the trade talks with China will continue. All three main indices up the Nasdaq by more than 1 percent. Are investors reassured that in the end there'll be a deal?
Stocks ended higher Tuesday, regaining some of the sharp losses from the previous session, as the market weighed down the impact of the escalating trade war between the United States and China. The reason we are seeing this recovery is because the fundamentals haven’t changed and the U.S. economy still remains strong. Ongoing trade flare-ups may continue to swing the stocks in the near-term, but I think the market may already have priced a lot of this in.
Asian stocks struggled near a 3-month low on Wednesday on lingering concerns over the economic impact of a U.S.-China trade war, although an overnight bounce on Wall Street helped recover some of losses from previous sessions. South Korea’s KOSPI added 0.1 percent, Japan’s Nikkei gained 0.4 percent, and Shanghai composite rose 0.7 percent. Investors will have to brace for a protracted U.S.-China trade war.
Because of these trade tensions, in large part, the Korean won continues to weaken. It's at a more than two-year low against the dollar. Why is it that the won is affected so much, and how long will this go on?
The South Korean won was traded at 1,189.20 won per dollar as of close today, up 0.20 won from Tuesday's close. The local currency, one of the world's worst-performing currencies over the past month, may further lose ground down the road, possibly flirting with the 1,200-won threshold, given a slew of factors pointing in that direction, although its current downward momentum may ease in the near term.
The market sentiment is so risk-averse, and the won-dollar rate will attempt to further rise. The Korean won has been on the weak side since the U.S. and China reopened a trade dispute. Adding further downside pressure on the currency is the country's weaker than expected economic performance in the first quarter. Investors will need to pay more attention to such factors as the Chinese yuan's moves, foreign investors' actions on the local stock market, and the currency authorities' response.
So now we have the jobs figures for April. More than 170 thousand people hired last month. But at the same time, youth unemployment at an all-time high of 11-and-a-half percent. What effect, if any, do indicators like this have on local stocks?
South Korea's jobless rate rose to 4.4 percent in April, government data showed Wednesday, in the latest sign of a weak job market amid an economic slowdown. The unemployment rate increased 0.3 percentage point from a year earlier, according to the data compil