Short comment
Even though KOSPI200 couldn't reach to 300, which I expected at last weekend, the index had recovered its plunge a little.
The KOSPI200 ended at 298.65 with +1.89% in this week.
I believe that recovering would be continued during this week, targeting 305.
Worry to trade-war between the two biggest economies could be reasonable.
But it will take more time to exert influences to equity market.
The economic growth in global real economy still live.
Central banks which have been very conservative in their policy are pronouncing that their expectations to the rest of this year are very positive.
Strong oil prices and US equity market are being continued, with that the indices pierced the former highest points.
Worry for EM is reasonable, but that for Korea isn't.
Korea got enough foreign exchange reserve, appropriate debt-level and competitive exporters.
With Japan and HongKong, Korea is still attractive market for foreigners.
Even though BOK lowered their expectation for GDP growth of 2018 from 3.0% to 2.9%, they didn't raise their benchmark rate unlike central banks of other EM countries did.
My target for KOSPI200 in this week is 305, meaning plus more than 2%.
Even though KOSPI200 couldn't reach to 300, which I expected at last weekend, the index had recovered its plunge a little.
The KOSPI200 ended at 298.65 with +1.89% in this week.
I believe that recovering would be continued during this week, targeting 305.
Worry to trade-war between the two biggest economies could be reasonable.
But it will take more time to exert influences to equity market.
The economic growth in global real economy still live.
Central banks which have been very conservative in their policy are pronouncing that their expectations to the rest of this year are very positive.
Strong oil prices and US equity market are being continued, with that the indices pierced the former highest points.
Worry for EM is reasonable, but that for Korea isn't.
Korea got enough foreign exchange reserve, appropriate debt-level and competitive exporters.
With Japan and HongKong, Korea is still attractive market for foreigners.
Even though BOK lowered their expectation for GDP growth of 2018 from 3.0% to 2.9%, they didn't raise their benchmark rate unlike central banks of other EM countries did.
My target for KOSPI200 in this week is 305, meaning plus more than 2%.
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