증시 대담
It's time now for an in-depth look at the markets on this Thursday, and for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Kiwoom Securities.
Mr. Yoo, thank you for coming on today.
You're welcome.
U.S. stocks were down overnight, apparently concerns over certain companies earnings. The Dow, the S&P and the Nasdaq all in about the half-a-percent range on the downside. The KOSPI off today too. What's the story today?
"Shares of Netflix fell more than 10% after the company reported global net adds of 2.7 million, well below guidance of 5 million.
"The company also lost more than 100,000 subscribers in the U.S. It was expected to gain over 300,000.
The US stock market started out weak with concerns over US-China trade disputes.
Transport Industry took a dive. Fed Beige books have been released. Fed member, George CajasCity said, "US do need the rate cut yet" - Market fell further
ASML results were strong, semiconductor sector did well.
Korean market closed falling 0.4% KOSPI, Kosdaq up slightly
The BOK preempting the Fed today, cutting rates by a quarter percent. The last one was over three years ago. What do lower interest rates mean in this context and what should we be watching generally?
With economic slow down in first Q. 0.4% QoQ decline 1.7% growth yoy
Also, recent dispute with Japan, resulting into weak growth - semiconductor business side, worry exists. Good decision by BoK, foreign net selling not that much, Korean Won 1177.5 fell from 1180. Rate cut did not make foreign investors selling out of Korea. Pre-action by Bok ahead of US and China is good decision in my view.
We need to see investment and other areas pick up in Korea.
The Korean government is rejecting Japan's suggestion of having a third country mediate in this trade dispute. And that has some people expecting a second round of trade retaliation, which could target the financial sector. Is another round of retaliation realistic?
Surveying 503 adults across the country, and found that 54.6 percent of respondents said they are currently participating in Japan Boycott. This is a 6.6 percentage point increase from last week.
The number of respondents who indicated their intention to participate in the future was 66.0%, which is 7 out of 10. 28.0% of the respondents said they would not attend the meeting in the future.
With this Japan might retaliate further by taking Japanse banking borrowing away. Size is estimated by 24.7 trillion.
According to the Financial Sector on October 18, Yoon Suk-heon, Director of the Financial Supervisory Commission, instructed the executive meeting on 16th to thoroughly monitor Japanese funding trends and prepare countermeasures on a scenario-by-scenario basis. An official of the Financial Supervisory Commission said, "We are monitoring the whole of the Financial Supervisory Service, not the individual departments that normally monitor banking lending or stock fund trends."
The FSS has pointed out that there is no special
