Time now for an in-depth look at the market news at this hour.
And for that I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you as always for coming on.
Thank you.
This week we've seen reports that the Trump administration is looking at ways to limit investment in China by possibly delisting Chinese stocks. Officials are denying that, however. What's the story there and in the global markets?
Delisting of Chinese stocks in US was fake news according to Peter Navarro. He is most aggressive in terms of China related policies. Wrote death by China. So if he says that it is fake news then it is accepted such. Maybe. Distrust still remains high.
US is up 0.5 Percent sp 0.75 Percent nasdaq
Europe up slightly less than half Percent
Nikkei up .7Percent taiwan 1Percent kospi up .6 Percent kosdaq up 1.5Percent
China closed.
Korea's free trade agreement with countries in Central America is taking effect today. Exports haven't been so great for Korea recently, with the trade wars affecting Asia. So what kind of opportunity does this Central America deal present, and what might those countries want to buy from Korea?
Nicaragua, Honduras FTA
16th FTA
Auto, steel, cosmetics, medicine export will benefit.
Energy, infra, construction business should pick up.
Size will not be that significant.
Still positive news.
Korea's consumer inflation, we now see, fell below zero in September. The first time that's ever happened. Obviously people are talking about deflation, though Statistics Korea says that's not what this is. Why is inflation now negative, and do you think it's going to keep dropping?
0.4 Percent decline. Yoy. First since 1965
Agriculture and fisheries price down 8.2 Percent
Industrial production prices 0.2 Percent down.
Education support health insurance incentives increase by govt allowed the inflation to turn negative. Basically zero inflation society.
Alright, Mr. Yoo.
That's a situation we'll be watching closely.
Thank you for coming on today.
