In-depth: Global market wrap-up
- 5 years ago
It's time now for an in-depth look at the markets this afternoon.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
Thank you.
The U.S. and China held a new round of trade talks last week at the vice minister level... to prepare for higher-level talks to come early next month. No major outcomes as far as we know. Are things breaking down again, or what's the mood among investors?
A China delegation had canceled a visit to U.S. farms in Montana and the officials were headed back to China earlier than planned. President Donald Trump had said China would increase its purchases of U.S. agricultural products as part of a bilateral trade deal. The cancellation may be seen by some investors as a sign the two countries are no closer to reaching a trade deal.
Earlier, deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month. This briefly lifted investor sentiment around trade talks.
U.S. stocks were down at the end of the week after these trade talks. It looks like Korean stocks are too, to start the week.
U.S. stocks fell Friday on news that Chinese officials were cutting short their visit to the U.S., dampening hope around trade negotiations between the two countries. The major indexes also snapped a three-week winning streak. The Dow and Nasdaq fell 1.1% and 0.7%, respectively, for the week. The S&P 500 lost 0.5% for the week. In recent weeks, economic stimulus around the world has helped to ease fears about slowing global growth. Monetary easing by the U.S. Federal Reserve last week and by the European Central Bank two weeks ago appears to have improved market sentiment. However, the cancellation lifted worries on the trade disputes again.
Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations. South Korea’s KOSPI moved little, while Japan’s Nikkei gained 0.15%. Hong Kong’s Hangseng slipped by 0.74%.
Looking ahead this week, we have the UN General Assembly, on the sidelines of which President Moon will be meeting President Trump. What else should we be watching?
President Moon Jae-in arrived in New York on Sunday to attend the U.N. General Assembly and hold a summit with U.S. President Donald Trump ahead of an expected resumption of nuclear talks between Washington and Pyongyang. Moon plans to use the talks with Trump, set for Monday, and his attendance at the U.N. session to help revitalize the peace and denuclearization process with North Korea and broaden international support for it.
Alright, Dr. Hwang. That's where we'll have to leave it.
Thank you as always for coming on the show.
And for that, I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
Thank you.
The U.S. and China held a new round of trade talks last week at the vice minister level... to prepare for higher-level talks to come early next month. No major outcomes as far as we know. Are things breaking down again, or what's the mood among investors?
A China delegation had canceled a visit to U.S. farms in Montana and the officials were headed back to China earlier than planned. President Donald Trump had said China would increase its purchases of U.S. agricultural products as part of a bilateral trade deal. The cancellation may be seen by some investors as a sign the two countries are no closer to reaching a trade deal.
Earlier, deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month. This briefly lifted investor sentiment around trade talks.
U.S. stocks were down at the end of the week after these trade talks. It looks like Korean stocks are too, to start the week.
U.S. stocks fell Friday on news that Chinese officials were cutting short their visit to the U.S., dampening hope around trade negotiations between the two countries. The major indexes also snapped a three-week winning streak. The Dow and Nasdaq fell 1.1% and 0.7%, respectively, for the week. The S&P 500 lost 0.5% for the week. In recent weeks, economic stimulus around the world has helped to ease fears about slowing global growth. Monetary easing by the U.S. Federal Reserve last week and by the European Central Bank two weeks ago appears to have improved market sentiment. However, the cancellation lifted worries on the trade disputes again.
Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations. South Korea’s KOSPI moved little, while Japan’s Nikkei gained 0.15%. Hong Kong’s Hangseng slipped by 0.74%.
Looking ahead this week, we have the UN General Assembly, on the sidelines of which President Moon will be meeting President Trump. What else should we be watching?
President Moon Jae-in arrived in New York on Sunday to attend the U.N. General Assembly and hold a summit with U.S. President Donald Trump ahead of an expected resumption of nuclear talks between Washington and Pyongyang. Moon plans to use the talks with Trump, set for Monday, and his attendance at the U.N. session to help revitalize the peace and denuclearization process with North Korea and broaden international support for it.
Alright, Dr. Hwang. That's where we'll have to leave it.
Thank you as always for coming on the show.