[In-depth] Global market wrap-up
- 5 years ago
증시 대담
It's now time to get an in-depth look on this Friday at markets around the world. And for that I'm joined by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Dr. Kim, thanks for coming on today.
You're welcome.
The trade tensions between the U.S. and China are having a major effect on exchange rates. The Chinese Yuan now sitting just below 7 to the dollar, and the Chinese authorities have said they won't let it rise past that level. What does this mean for China and, for that matter, Korea and its own currency?
The Commerce Department said on Thursday that it's going to penalize countries that undervalue their currencies. This would take the form of countervailing duties... because it says certain countries use their currencies to subsidize their industries. This could go way beyond China, even affecting countries like Germany, maybe Vietnam, and even South Korea.
Now, the blacklisting of Huawei. Other U.S. allies are joining in, like the U.K. and Japan, partly because of security issues they see themselves and they want to keep doing business with America. But here in Korea, the telecom provider LG U Plus has already rolled out some Huawei equipment. What needs to be done here in Korea?
Alright, Dr. Kim. Thank you so much for coming on today. Always good to see you.
It's now time to get an in-depth look on this Friday at markets around the world. And for that I'm joined by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Dr. Kim, thanks for coming on today.
You're welcome.
The trade tensions between the U.S. and China are having a major effect on exchange rates. The Chinese Yuan now sitting just below 7 to the dollar, and the Chinese authorities have said they won't let it rise past that level. What does this mean for China and, for that matter, Korea and its own currency?
The Commerce Department said on Thursday that it's going to penalize countries that undervalue their currencies. This would take the form of countervailing duties... because it says certain countries use their currencies to subsidize their industries. This could go way beyond China, even affecting countries like Germany, maybe Vietnam, and even South Korea.
Now, the blacklisting of Huawei. Other U.S. allies are joining in, like the U.K. and Japan, partly because of security issues they see themselves and they want to keep doing business with America. But here in Korea, the telecom provider LG U Plus has already rolled out some Huawei equipment. What needs to be done here in Korea?
Alright, Dr. Kim. Thank you so much for coming on today. Always good to see you.