증시 대담
It's time now for a closer look at what's happening in the markets today.
And for that I'm joined on the line now by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thanks for coming on today.
You're welcome.
So the rally on Wall Street continued into Wednesday. Yet more record highs, with the S&P closing in on 3-thousand. U.S. markets, of course, will be closed on the 4th of July. But how are the markets looking today globally and in Korea?
"International Monetary Fund Managing Director Christine Lagarde has been nominated as the next president of the ECB.
"Analysts and economists have been offering their assessment of that likely appointment.
"Market moves suggest Lagarde is viewed as a "dove" who would maintain a low-rate policy.
"President Donald Trump said Tuesday he is going to nominate Judy Shelton and Christopher Waller to the Senate as Fed governor appointees.
"The president has been sharply critical of the central bank's interest rate policy.
""For the president, these are people who would support his position," said Gus Faucher, chief economist at PNC.
Lower interest rate environment. Liquidity rally expected in the summer.
Kospi flat continuously due to burden of Japan prohibiting to sell parts to Korean IT companies.
China also under pressure due to government is not eager to lower interest rate or injecting liquidity.
You mention Japan's measures restricting the sale of key semiconductor materials to Korea. The Korean government is now planning to invest billions of dollars so that Korea can make these materials domestically so that it won't find itself in this position again. What's the latest on the Japan situation?
Korean government has begun work on a legal review of the World Trade Organization (WTO) lawsuit after the Japanese government decided to restrict the export of semiconductors related materials to Korea.
According to Korean trade officials, the government is reviewing the relevant laws, reporting that the measures are subject to export control strictly prohibited by the WTO. The official said, "Japan's measures are considered to violate Article 11 of the General Agreement on Tariffs and Trade (GATT 1994)."
The government decided to invest about 6 trillion won in the development of parts and equipment, including semiconductors, in response to Japan's export regulations. The government has more concrete measures to foster the materials, parts and equipment industry of the 'manufacturing renaissance' strategy announced last month.
Businesses that invest KRW 1 trillion in semiconductor materials, components and equipment for 10 years from 2020 have already passed the preliminary feasibility study (in the case of general materials, parts and equipment) and plan to invest KRW 5 trillion in six years from 2021 There is a precedent in progress. In the case of semiconductor materials, parts and equipment development, which are highly dependent on Japanese imports, the Ministry of Industry plans to spend
