증시 대담
It's time now for an in-depth look at markets around the world, and for that I'm joined on the line by Mr. Daniel Yoo, Global Strategist at Kiwoom Securities.
Mr. Yoo, thank you for joining us.
Thank you.
Lots of things adding to uncertainty right now, including U.S. bond yields and the escalating protests in Hong Kong. On Wall Street overnight, the Dow was down 1-and-a-half percent and the Nasdaq 1 percent. What's the story today?
Hong Kong protest… US-China dispute
Us 10 years fell to 1.65%. Previous lows in history 1.45%
10-2 years rate differential fell to 6~7 basis points.
Signs of recession?
US fell …
HK fell over 1.5%, China fell by 0.7%
Nikkei fell by over 1.1%
Korea also falling but by only 0.6%, Kosdaq 0.4% decline
The Korean government has decided to take Japan off its white list now. Japan will be put in a new category of export countries in which it'll face a tougher approval process. What happened and what does this mean for trade between the two sides?
On the 12th, the Korean government excluded Japan from the list of white countries (export procedure preferential countries).
The government believes that this measure will be conducted in accordance with legal procedures in both domestic and international law, and will not affect the future process of filing a WTO.
Minister of Trade, Industry and Energy Sung-mo Sung held a briefing on the day and announced the import and export of strategic materials with the purpose of subdividing the strategic export areas into three and applying strict standards for Japan.
However, since the announcement was related to the improvement of the Korean government, detailed export control items were not disclosed.
The Minister said, "It is necessary to operate the export control system in consideration of international cooperation because it is difficult to cooperate closely with the country that operates the system contrary to the basic principles of the international export control system or where there are continuous cases of inappropriate operation."
"The amendment to the strategic import and export notice will be implemented in September after 20 days of opinion gathering, regulatory review, and legislative review in accordance with the usual notification and amendment procedures." The government is ready to respond anytime, anywhere. "
Now, in terms of exchange rates, the Korean won getting a little weaker today, and there's talk about it breaking through 12-20 against the U.S. dollar. It's at around 12-19 right now. Do you think that'll happen, and what's driving this?
It really depends on what happens to Yuan.
Currently at 7.1 level…
If depreciation of RMB continues, Korean Won will follow.
All is about China will enter a recession in the future or not due to Trade War and current political uncertainty.
Former Commander-in-Chief, James Stabbedith NATO, predicts the Hong Kong protests could hurt US-China trade negotiations. It is hard for the United States not to respond if China is goin
