it's time now for an in-depth look at the markets this afternoon and for that
I'm joined on the line by dr. Huang too and research fellow at the korea capital
market Institute dr. Huang thank you for coming on today thank you for inviting
me today well the US and China held a new round of trade talks last week at
the Vice minister-level to prepare for higher-level talks to come early next
month no major outcomes as far as we know are
things breaking down again or what's the mood among investors a China delegation
has canceled a visit to u.s. farms in Montana and the officials were headed
back to China all their them planned president Donald Trump had said China
would increase its purchases of US agricultural products it's part of a
bilateral trade deal but the cancel Asia may be seen by some investors as a sign
to sign the two countries are no closer to reaching a trade deal all your deputy
trade negotiators from the u.s. in China resumed the face-to-face talks for the
first time in almost two months the deputy-level trade talks are expected to
help lay the groundwork for high-level negotiations all the next month this
briefly lifted investors the sentiment around the trade talks however investors
were rattled by news on Friday the Chinese officials unexpectedly cancelled
a visit to us farms last weekend following their two days of negotiations
in Washington the cancellation had hit investor sentiment and could be a major
drag on the Caloris town market in the near term well it was a drag on Friday
US stocks were down at the end of the week after the talks it looks like
Korean stocks to or down to start the week US stocks fell Friday on news there
Chinese officials were cutting short their visit to the US dampening hope
around the trade negotiations between the two countries the major indexes also
at a 3-week winning streak the Dow and Nasdaq fell 1.1 percent and 0.7%
respectively for the week the S&P 500 lost is 0.5% for the week as well in
recent weeks economic stimulus around the world has helped to ease fears the
bus slowing global growth monetary easing by the US Federal Reserve last
week and by the European Central Bank two weeks ago appears to have improved
market sentiment however the cancellation lifted worries
on the trader dispute again most Asia insurance markets slipped on Monday as
investors waited for more clarity on the sino US trade talks after recent
negotiations South Korea's kospi moved a little while
japan's Nikkei gained a 0.16 percent Hong Kong's housing slipped by 0.7 1%
today we're now looking ahead this week we have president moon meeting president
Trump in New York that is what else should be watching this week president
moon jaein arrived in New York on Sunday to attend the UN General Assembly and
hold the summit with US President Donald Trump ahead of an unexpected resumption
of nuclear talks between Washington and Pyongyang moon plans to use the talks
with Trump set for Monday and his attendance as the UN session to help
revitalize the peace and denuclearization process with North
Korea and broaden international support for it which could increase the
possibility for North and South Economic Cooperation investors will pay attention
to the negotiation process between the US and China this week long as the
investor sentiment is not strong enough any negative signal could
damage the global stock market in the near term on September 23rd an
information vendor market September PMS on manufacturing and service sector will
be released in addition on 24th September consumer confidence index will
be released alright dr. Wong we'll be watching for those data that's where
we'd like to leave it today though thanks as always for coming on the show
thank you very much