( : RISE OF KOSDAQ) And to tell us more about the country's stock
market and how the secondary KOSDAQ index has been narrowing its gap with the KOSPI....
global strategist Daniel Yoo from Kiwoom Securities....
joins us in the studio today.
So good to see you.
Pleasure to be here.
1- The country's secondary index, the KOSDAQ, although it did drop today....
it has generally been on an upward trend.... narrowing the gap with the benchmark KOSPI.
What does this mean for the local capital market?
2- So what's driving the latest KOSDAQ rally?
3- What about the relationship between the KOSDAQ and cryptocurrencies?
Last week, Justice Minister Park Sang-ki said that the government plans to ban cryptocurrency
exchanges... and that rattled the markets.
Leading the junior KOSDAQ market are pharmaceutical shares....
with biosimilar developer Celltrion being the most valuable stock on the KOSDAQ.
And there are concerns that such growth may be too focused on certain companies and sectors.
5- But what will happen when Celltrion shifts to the benchmark KOSPI next month?
6- The government unveiled plans to promote the KOSDAQ market last week.... and there
have been mixed reactions to that.
Comparing the plans to ones from previous administrations,... how effective do you think
the government's plans will be in boosting the junior market in the long run?
7- But some analysts are saying that the junior market is showing signs of overheating.
8- Meanwhile, the KOSPI has been quite stagnant lately..... compared to the KOSDAQ... and
hasn't been booming much compared to last year.
What's your outlook on the KOSPI?
9- The Bank of Korea kept its key interest rate steady yesterday during its monetary
policy meeting and revised up its 2018 growth outlook for the economy to 3 percent.
How might this come into play in regards to the country's stock markets?
10- Meanwhile, China's economy grew.... 6-point-9 percent in 2017,... topping the government
target of
around 6-point-5 percent.
This growth came despite widespread concerns about financial risks in China.....
amid government-led economic restructuring.
This must be good news also for the global stock market?
11- Other markets around the world have been rallying as well.... on
the back of a global economic recovery.
So what's
your outlook on global stock markets as well as
the Korean stock market?
Thank
you for your insight today.
You're welcome.