In-depth: Global market wrap-up

증시 대담

Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thanks for coming on today.
Thank you.
Despite the coronavirus emergency, now global, stocks in New York closed at new record highs. What's happening in the global markets?
US market continues to rise.
Global market hit the record high again.
Liquidity condition is leading the market.
Here in Korea the KOSPI is up quite a bit after a couple of sessions of losses. The Korea Exchange, volatility has been high so far this year. What's the story in the Korean markets?
Korea' dependency to China is one of the highest.
Therefore, volatility due to Coronavirus is one of the highest after HK.
Taiwan also will be affected highly as well.
However, Chinese market is most resilient due to huge liquidity injection.
Oil prices have fallen to a 13-month low. How much of this is the coronavirus, and where do you see oil going from here?
"The coronavirus outbreak is a "black swan" for the oil and energy industries "The oil market is looking down the barrel at no demand growth for the calendar year, and outright demand contraction is now on the table," analyst said.
"At the end of January, the firm downgraded its outlook on oil to neutral from bullish, and Pies said that there could be more downside ahead.
"On Monday, U.S. West Texas Intermediate crude fell to a 13-month low, as demand concerns continue to pressure prices.
China is the largest importer of oil. Even greater than US since 2017.
This event has lowered the band of oil price to 50~55 range.
Alright, Mr. Yoo.
That's where we'll have to leave it for today.
Thanks so much for coming on and sharing your insights.

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