[In-depth] Global market wrap-up _ 041819
- 5 years ago
증시 대담
Now it's time to check up on the market action on this Thursday.
And for that we have on the line Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thanks for joining us today.
You're welcome.
So we just heard the Bank of Korea decided to keep interest rates steady. But it's lowered its forecast for GDP growth to 2-point-5 percent.
The interest rate decision was pretty much expected, but how did the local markets react today?
Yes. Rate was kept at 1.75%
Last year November benchmark rate was raised to 1.75% from 1.5%
Given that US Fed is no longer planning to raise rate at 2.25~2.5% range, Korean central bank is likely to keep the current rate for a while.
Some expects a rate cut in 3Q, which is possible in case of US and China cuts rate.
But most likely BoK will use wait and see strategy since 7trillion won supplementary budget is expected.
Yesterday we got the GDP figures from China for the first quarter. Better than expected at 6-point-4 percent. Stocks on Wall Street pretty steady after that. What are global markets doing today?
After strong economic number, showing potential bottoming out of economy, Chinese market is taking a breather.
GDP grew 6.4%, Industrial production 8.5%.
Retail sales up 8.7%, whole fixed asset investment rose 6.3%.
Chinese economic restructuring continues. This should allow potential for further equity market rise in the medium term after taking some slow down.
Big news in the tech sector. Apple and Qualcomm have decided to bury the hatchet on their dispute over patent licensing. So that opens the door for Apple to use Qualcomm chips in its 5G phones. There had of course been hopes that it might turn to another company like Intel or Samsung.
Yes. Qualcomm and Apple decide to end patent right legal dispute, and signed 7 years contract between both companies
Qualcomm bet it all on its bitter dispute with Apple and won. Now, after the fight was officially ended, its stock is soaring.
Qualcomm will continue charging Apple royalties for its patents, and Apple will pay Qualcomm a substantial fee as part of the agreement.
5-G investment should accelerate in the future.
In this case, Samsung should benefit from stronger demand for 5G phones as Samsung is the leading IT company with 5G technology.
This has broader implication with 4th industrial revolution. We continue to be positive on IT sector with this news.
Alright, Mr. Yoo. That's where we'll have to leave it today. Thanks for insights today.
Now it's time to check up on the market action on this Thursday.
And for that we have on the line Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thanks for joining us today.
You're welcome.
So we just heard the Bank of Korea decided to keep interest rates steady. But it's lowered its forecast for GDP growth to 2-point-5 percent.
The interest rate decision was pretty much expected, but how did the local markets react today?
Yes. Rate was kept at 1.75%
Last year November benchmark rate was raised to 1.75% from 1.5%
Given that US Fed is no longer planning to raise rate at 2.25~2.5% range, Korean central bank is likely to keep the current rate for a while.
Some expects a rate cut in 3Q, which is possible in case of US and China cuts rate.
But most likely BoK will use wait and see strategy since 7trillion won supplementary budget is expected.
Yesterday we got the GDP figures from China for the first quarter. Better than expected at 6-point-4 percent. Stocks on Wall Street pretty steady after that. What are global markets doing today?
After strong economic number, showing potential bottoming out of economy, Chinese market is taking a breather.
GDP grew 6.4%, Industrial production 8.5%.
Retail sales up 8.7%, whole fixed asset investment rose 6.3%.
Chinese economic restructuring continues. This should allow potential for further equity market rise in the medium term after taking some slow down.
Big news in the tech sector. Apple and Qualcomm have decided to bury the hatchet on their dispute over patent licensing. So that opens the door for Apple to use Qualcomm chips in its 5G phones. There had of course been hopes that it might turn to another company like Intel or Samsung.
Yes. Qualcomm and Apple decide to end patent right legal dispute, and signed 7 years contract between both companies
Qualcomm bet it all on its bitter dispute with Apple and won. Now, after the fight was officially ended, its stock is soaring.
Qualcomm will continue charging Apple royalties for its patents, and Apple will pay Qualcomm a substantial fee as part of the agreement.
5-G investment should accelerate in the future.
In this case, Samsung should benefit from stronger demand for 5G phones as Samsung is the leading IT company with 5G technology.
This has broader implication with 4th industrial revolution. We continue to be positive on IT sector with this news.
Alright, Mr. Yoo. That's where we'll have to leave it today. Thanks for insights today.