In-depth: Global market wrap-up
- 5 years ago
Time now for an in-depth look at the market news today. And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you for making time today.
Thank you.
We've got all these issues in trade and a slowdown in the global economy, but the three indexes on Wall Street are at all-time highs. Where are we now, and what's your outlook in the near term?
Emerging market also rallying. Vietnam and various other countries are breaking its highs.
Higher liquidity is clearly feeding into the equity market performance.
Fear and greed index at highs…. Might need some breathier… for the market to go up again.
However, if goldilocks period continues market will continue to rise further in the future.
It's been a good week so far for Korean stocks too. The Kospi and the Kosdaq both higher today. What's the story there?
KOSPI is up 0.23%
Kosdaq is up 0.23%
Key factor is Dram and Nand demand. IT sector performance is very positive.
2020 turnaround very possible.
Earnings.
Fifteen countries, including Korea, have concluded negotiations on what could be the world's biggest trade deal, the Regional Comprehensive Economic Partnership or RCEP. What might this do for the Korean economy?
China joined 14 countries on Monday in agreeing terms for what could be the world's biggest trade pact, but India pulled out at the last minute on the grounds that the deal would hurt its farmers, businesses, workers and consumers.
The Sino-U.S. trade war and rising protectionism have given new impetus to years of negotiations on the Regional Comprehensive Economic Partnership (RCEP), which brings together the 10-member Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia and New Zealand.
Members said the deal would be signed next year after the 15 countries without India reached agreement in Bangkok on the text and market access issues.
"Against the backdrop of a fast-changing global environment, the completion of the RCEP negotiations will demonstrate our collective commitment to an open trade and investment environment across the region," the countries said in a statement.
They opened the door to India potentially joining them later, if the issues it has with the deal are resolved. But Indian Prime Minister Narendra Modi said that he had to take into account the interests of Indian people.
US down played the news saying it is no big deal. But, I see this is clearly positive direction after continued trade dispute that happened among countries including US, China, Korea, Japan, Germany, etc.
Alright, Mr. Yoo. That's where we'll have to leave it for now.
Thanks again for sharing your insights.
Mr. Yoo, thank you for making time today.
Thank you.
We've got all these issues in trade and a slowdown in the global economy, but the three indexes on Wall Street are at all-time highs. Where are we now, and what's your outlook in the near term?
Emerging market also rallying. Vietnam and various other countries are breaking its highs.
Higher liquidity is clearly feeding into the equity market performance.
Fear and greed index at highs…. Might need some breathier… for the market to go up again.
However, if goldilocks period continues market will continue to rise further in the future.
It's been a good week so far for Korean stocks too. The Kospi and the Kosdaq both higher today. What's the story there?
KOSPI is up 0.23%
Kosdaq is up 0.23%
Key factor is Dram and Nand demand. IT sector performance is very positive.
2020 turnaround very possible.
Earnings.
Fifteen countries, including Korea, have concluded negotiations on what could be the world's biggest trade deal, the Regional Comprehensive Economic Partnership or RCEP. What might this do for the Korean economy?
China joined 14 countries on Monday in agreeing terms for what could be the world's biggest trade pact, but India pulled out at the last minute on the grounds that the deal would hurt its farmers, businesses, workers and consumers.
The Sino-U.S. trade war and rising protectionism have given new impetus to years of negotiations on the Regional Comprehensive Economic Partnership (RCEP), which brings together the 10-member Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia and New Zealand.
Members said the deal would be signed next year after the 15 countries without India reached agreement in Bangkok on the text and market access issues.
"Against the backdrop of a fast-changing global environment, the completion of the RCEP negotiations will demonstrate our collective commitment to an open trade and investment environment across the region," the countries said in a statement.
They opened the door to India potentially joining them later, if the issues it has with the deal are resolved. But Indian Prime Minister Narendra Modi said that he had to take into account the interests of Indian people.
US down played the news saying it is no big deal. But, I see this is clearly positive direction after continued trade dispute that happened among countries including US, China, Korea, Japan, Germany, etc.
Alright, Mr. Yoo. That's where we'll have to leave it for now.
Thanks again for sharing your insights.