[In-depth] Global market wrap-up _ 073019
증시 대담
It's time now for an in-depth look at the markets on this Tuesday.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thanks for coming on today.
You're welcome.
Wall Street started the week mostly down. Investors waiting to see what we get out of the Fed in terms of an interest rate cut. Here in Korea a strong recovery today after Monday's rout. How's it looking today?
Korean equity market showed panic selling.
Weak economic growth, Korea - Japan dispute, political uncertainty…
Exclusion from Japan's White list…
However, global market steady ahead of Fed FOMC meeting on 31 July.
Most likely rate cut….
Korea recovery after panic selling Kospi up 0.6% while Kosdaq up 1.57%
Nikkei steady showing 0.7% Shanghai up 0.7%, Shenzhen up 1.% plus.
Korea's trade minister, coming back from Washington, says there's a lot of concern about Japan's trade restrictions in the American semiconductor industry. What effect do you think this will in fact have on the chip industry globally?
Supply and demand issue.
Global demand for Dram strong
Concern is about supply.
This results into sharp rise in Dram Price.
The sector performance is very positive.
Top U.S. and Chinese officials are meeting in Shanghai for the first time in almost three months. Coming into these talks, where are the two sides and what do you think they'll take away from this?
"The two-day meeting is set to take place in Shanghai on Tuesday.
"I don't think personally China would sign a deal if I had a 2% chance of losing the election," Trump says.
"China has restarted buying U.S. agricultural products, according to Chinese media.
U.S. and Chinese trade representatives are about to begin their first official in-person meeting since the G-20 truce, but neither side is showing any sense of urgency for a deal.
The two-day meeting, set to begin Tuesday in Shanghai, follows a truce reached last month by President Donald Trump and Chinese leader Xi Jinping in their trade war. Expectations for a long-term resolution remain low: Beijing is awaiting Washington's stance on Huawei and Trump believes China may hold out until the 2020 election.
"I don't think personally China would sign a deal if I had a 2% chance of losing the election," Trump said Friday. "I think China would probably say: 'Let's wait. Let's wait. Maybe Trump will lose and we can deal with another dope, or another stiff."'
White House economic adviser Larry Kudlow told CNBC on Friday he "wouldn't expect any grand deal" at the meeting in Shanghai.
"Talking to our negotiators, I think they're going to reset the stage and hopefully go back to where the talks left off last May," Kudlow said.
China believes it has extended the olive branch by following through on the promise of repurchasing American agricultural products. Millions of tons of U.S. soybean have been shipped to China since July 19, Chinese state media Xinhua reported Sunday. It said many Chinese companies have made inquiries
It's time now for an in-depth look at the markets on this Tuesday.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thanks for coming on today.
You're welcome.
Wall Street started the week mostly down. Investors waiting to see what we get out of the Fed in terms of an interest rate cut. Here in Korea a strong recovery today after Monday's rout. How's it looking today?
Korean equity market showed panic selling.
Weak economic growth, Korea - Japan dispute, political uncertainty…
Exclusion from Japan's White list…
However, global market steady ahead of Fed FOMC meeting on 31 July.
Most likely rate cut….
Korea recovery after panic selling Kospi up 0.6% while Kosdaq up 1.57%
Nikkei steady showing 0.7% Shanghai up 0.7%, Shenzhen up 1.% plus.
Korea's trade minister, coming back from Washington, says there's a lot of concern about Japan's trade restrictions in the American semiconductor industry. What effect do you think this will in fact have on the chip industry globally?
Supply and demand issue.
Global demand for Dram strong
Concern is about supply.
This results into sharp rise in Dram Price.
The sector performance is very positive.
Top U.S. and Chinese officials are meeting in Shanghai for the first time in almost three months. Coming into these talks, where are the two sides and what do you think they'll take away from this?
"The two-day meeting is set to take place in Shanghai on Tuesday.
"I don't think personally China would sign a deal if I had a 2% chance of losing the election," Trump says.
"China has restarted buying U.S. agricultural products, according to Chinese media.
U.S. and Chinese trade representatives are about to begin their first official in-person meeting since the G-20 truce, but neither side is showing any sense of urgency for a deal.
The two-day meeting, set to begin Tuesday in Shanghai, follows a truce reached last month by President Donald Trump and Chinese leader Xi Jinping in their trade war. Expectations for a long-term resolution remain low: Beijing is awaiting Washington's stance on Huawei and Trump believes China may hold out until the 2020 election.
"I don't think personally China would sign a deal if I had a 2% chance of losing the election," Trump said Friday. "I think China would probably say: 'Let's wait. Let's wait. Maybe Trump will lose and we can deal with another dope, or another stiff."'
White House economic adviser Larry Kudlow told CNBC on Friday he "wouldn't expect any grand deal" at the meeting in Shanghai.
"Talking to our negotiators, I think they're going to reset the stage and hopefully go back to where the talks left off last May," Kudlow said.
China believes it has extended the olive branch by following through on the promise of repurchasing American agricultural products. Millions of tons of U.S. soybean have been shipped to China since July 19, Chinese state media Xinhua reported Sunday. It said many Chinese companies have made inquiries
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