증시 대담<br /><br />It's time now for a look at the global market action this afternoon.<br />And for that I'm joined on the line by Dr. Hwang Seiwoon, research fellow at the Korea Capital Market Institute.<br />Dr. Hwang, thanks for coming on today.<br />You're welcome.<br /><br />The closing bell has runh on this Monday, and it looks like we started the week negative here on the Kospi. It's been three weeks in the red on Wall Street too. What's happening today in Korea and around the world?<br />The U.S. Stocks closed higher Friday but notched weekly losses as the market worried that the U.S.-China trade war is hurting economic growth. The Dow dropped 0.7% last week to post its fifth consecutive weekly decline, its longest losing streak since 2011. The S&P 500 and Nasdaq fell for a third straight week, their longest slide since December 2018.<br />Asian stocks kicked off Monday in mixed fashion as investors assess valuations after declines over the past three weeks thanks to the escalation in U.S.-China trade tensions. The yuan steadied after China warned against shorting the currency. Japan’s Topix index edged higher, while Hong Kong and Shanghai stocks fell. South Korea’s KOSPI was little changed. <br />I think the negotiators are going to reach a deal, but it will take a lot longer and be more difficult than investors thought a month ago. And any glimmer of hope that progress is being made will help stocks rebound.<br />The British Prime Minister, Theresa May, has announced that she's stepping down. A "no deal Brexit" remains a possibility. And we have the EU elections showing a move away from the centrist parties. How have the markets reacted to the news from Europe?<br />The prospect of a “no deal” Brexit was fast becoming the central battle of the race among contenders to succeed Prime Minister Theresa May, with four of eight leadership hopefuls having said Britain must leave the EU on Oct. 31 even if this means a no-deal Brexit. The British pound was steady at $1.27, having regained some ground after May set out a departure date, bouncing back from a 4-1/2-month low of $1.26 set on Thursday.<br />Pro-European Union parties held on to two-thirds of seats in the EU parliament elections. Euro was little changed at $1.12 in Asian trade and off a two-year low of $1.11 touched on Thursday, as the markets studied the outcome of the vote. The focus is on how the EU member countries will react to the result of the elections and how the Brexit negotiations will play out after this elections. So far we’ve seen limited market reaction as far-right, populist parties didn’t do as well as some had feared. <br />Trump and Abe meeting in Tokyo... as the trade tensions between the U.S. and China continue to rise. We've got the Bank of Korea policy meeting this week. What are stock investors going to want to watch this week?<br />President Trump will hold a summit with Prime Minister Shinzo Abe today in Tokyo after meeting with King Naruhito. Investors are paying attention to whether president Trump will issue a trade pressure card
