Global market wrap-up
- 5 years ago
증시 대담
It's time now for an in-depth look at the global markets this afternoon.
And for that I'm joined on the line by Dr. Hwang Sei-woon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
Thank you.
Last Friday on Wall Street, stocks were mixed. Some positive feelings about the U.S.-China trade talks but also some diverging signals from the American economy. Korean stocks, meanwhile, moving a little higher. What's the story today?
In Wall Street, stocks ended little changed Friday as investors took a breather from a wild month of trading. Investors are pausing and waiting to see what next month and next week holds. The major indexes posted their worst monthly performance since May. The Dow fell 1.7% in August while the S&P 500 lost 1.8%. The Nasdaq pulled back 2.6%. U.S.-China trade relations intensified in August, rattling investors. Investor sentiment was also dented this month as economic data pointed to a global growth slowdown, ramping up concerns of a possible recession.
Asian stocks fell after the latest tariffs kicked in on Chinese goods and data showed further weakness in China’s manufacturing sector. A drop in the official China purchasing managers’ index on Saturday highlighted the pressure facing the world’s second-largest economy from weaker demand and escalating trade tensions with the U.S. Japan’s Nikkei dropped o.36%, Hong Kong’s Hangseng lost 0.47%, while Korea’s KOSPI gained 0.18%.
The U.S. and China added new tariffs on each other over the weekend. Tell us about where things stand now.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on U.S. crude, the latest escalation in a bruising trade war. The levies on food, clothing, lawn mowers and thousands of other “Made in China” products come as the president prepares to tax nearly everything China ships to America. The move will bring average tariffs on Chinese imports to 21.2 percent, up from only 3.1 percent when Mr. Trump came into office. China has responded by raising barriers to American companies and their products. China started to impose additional tariffs on some of the U.S. goods on a $75 billion target list.
President Trump’s trade war with China entered new territory on Sunday as his next round of tariffs took effect, changing the rules of trade in ways that have no recent historic precedent and driving the world’s two largest economies further apart.
This week, the Bank of Korea will be releasing figures for on the trade balance for July. A bunch of other numbers too -- second quarter growth, and so on. What's on your radar this week?
The Bank of Korea will release 2Q GDP final reading and August CPI on Tuesday.
The Bank of Korea will also release the July balance of payments on Thursday.
The U.S. jobs report will be released on Friday. The report is projected to show nonfarm payr
It's time now for an in-depth look at the global markets this afternoon.
And for that I'm joined on the line by Dr. Hwang Sei-woon, research fellow at the Korea Capital Market Institute.
Dr. Hwang, thank you for coming on today.
Thank you.
Last Friday on Wall Street, stocks were mixed. Some positive feelings about the U.S.-China trade talks but also some diverging signals from the American economy. Korean stocks, meanwhile, moving a little higher. What's the story today?
In Wall Street, stocks ended little changed Friday as investors took a breather from a wild month of trading. Investors are pausing and waiting to see what next month and next week holds. The major indexes posted their worst monthly performance since May. The Dow fell 1.7% in August while the S&P 500 lost 1.8%. The Nasdaq pulled back 2.6%. U.S.-China trade relations intensified in August, rattling investors. Investor sentiment was also dented this month as economic data pointed to a global growth slowdown, ramping up concerns of a possible recession.
Asian stocks fell after the latest tariffs kicked in on Chinese goods and data showed further weakness in China’s manufacturing sector. A drop in the official China purchasing managers’ index on Saturday highlighted the pressure facing the world’s second-largest economy from weaker demand and escalating trade tensions with the U.S. Japan’s Nikkei dropped o.36%, Hong Kong’s Hangseng lost 0.47%, while Korea’s KOSPI gained 0.18%.
The U.S. and China added new tariffs on each other over the weekend. Tell us about where things stand now.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on U.S. crude, the latest escalation in a bruising trade war. The levies on food, clothing, lawn mowers and thousands of other “Made in China” products come as the president prepares to tax nearly everything China ships to America. The move will bring average tariffs on Chinese imports to 21.2 percent, up from only 3.1 percent when Mr. Trump came into office. China has responded by raising barriers to American companies and their products. China started to impose additional tariffs on some of the U.S. goods on a $75 billion target list.
President Trump’s trade war with China entered new territory on Sunday as his next round of tariffs took effect, changing the rules of trade in ways that have no recent historic precedent and driving the world’s two largest economies further apart.
This week, the Bank of Korea will be releasing figures for on the trade balance for July. A bunch of other numbers too -- second quarter growth, and so on. What's on your radar this week?
The Bank of Korea will release 2Q GDP final reading and August CPI on Tuesday.
The Bank of Korea will also release the July balance of payments on Thursday.
The U.S. jobs report will be released on Friday. The report is projected to show nonfarm payr