In-depth: Global market wrap-up

It's 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, thank you for coming on today.
Thank you.
Yesterday, the Bank of Korea cut interest rates by a quarter percent. That was of course widely expected. What's the response been in the market?
The Bank of Korea lowered its policy rate by 25 basis points to its lowest level in two years of 1.25 percent in a 5-2 vote. This was the second rate cut in three months, amid mounting deflationary pressures and a slowdown in the economy, with consumption growth weakening and sluggishness in exports and facilities investment persisting. The bank added that growth this year is expected to fall below the 2.2 percent projection made in July, amid the prolonged US-China trade dispute and the heightened geopolitical risks. Policymakers left the door open for further easing although a split vote on the latest move suggested the next reduction may not be imminent.
KOSPI was strong yesterday, but today fell by 0.36% for KOSPI and 0.6% for KOSDAQ
Wall Street's had a good week so far, overall. Down a little yesterday though. Right now the Nikkei in Japan is sitting at it's new high for the year. What's the story in global stocks?
US fell slightly. Dow 0.08%, S&P 0.2%, NASDAQ 0.3%
Nikkei rising by 1.2% yesterday, but flat today
Chinese market still taking a breathier Today flat.
Still issue of yet to sign the trade deal. The US House of Representatives has passed a bill sought by pro-democracy protesters in Hong Kong that aims to defend civil rights in the semi-autonomous territory, prompting an angry response from China.
The Hong Kong Human Rights and Democracy Act, which will now move to the Senate before it can become law, has drawn rare bipartisan support in a polarized Congress.
The law would end the Hong Kong-US special trading status unless the State Department certifies annually that city authorities are respecting human rights and the rule of law.
The Fed's new beige book is out, and it sees growth slowing down for many U.S. businesses. How does that influence the markets?
The outlook: The U.S. economy seem to be slowing a bit, and only expanded at "a slight to modest pace" since early September, according to the latest Federal Reserve Beige Book. The report, basically a summary of anecdotes collected by the central bank from its business contacts across the country, suggested the economy was slightly weaker than in the summer. Business activity varied across the country, with Midwest and Great Plains report more downbeat than the southern and western regions.
What happened: The U.S. - China trade dispute continued to affect business activity. Manufacturers were starting to layoff workers in a number of districts because orders were weak, but other firms said they wanted to retain scarce workers and so are cutting hours not jobs.
Agricultural conditions deteriorated further as the sector