In-depth: Market wrap-up

증시 대담

Now it's time to catch up on the market action in Korea and around the world.
And for that we're joined by Dr. Hwang Sei-woon.
Thanks for coming on today Dr. Hwang.
You're welcome.
So President Trump has proposed new tariffs on Europe... over the EU's subsidies for Airbus. That could result in relatiation from the EU, and this sent U.S. stocks down a fair bit overnight.
Tell us what happened there and in other markets.
U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European Union products, heightening tensions over a long-running trans-atlantic aircraft subsidy dispute. In addition to this, the International Monetary Fund cut its forecast for world economic growth this year on Tuesday, saying the global economy is slowing more than expected and that a sharp downturn could require world leaders to coordinate stimulus measures.
On Wall Street, the S&P 500 gave up 0.61 percent and the Nasdaq Composite declined 0.56 percent. Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated. Japan’s Nikkei lost 0.60%, and equities in Hong Kong, Shanghai and Seoul moved in the same direction.
Now has this EU tariff issue had an effect on Korean stocks? Take us through today's trade.
Korean shares closed lower Wednesday as investor sentiment was subdued after the IMF lowered its forecast for global economic growth. The KOSPI lost 0.34 percent and the KOSDAQ dropped 0.15 percent.
The index took a cue from overnight losses on Wall Street, after the IMF slashed its global growth forecast for 2019 to 3.3 percent, down from its 3.5 percent prediction made in January. The gap between the strength in stock markets and sluggishness in the real economy has been widening.
Top market cap Samsung Electronics fell 1.07 percent, and major chip maker SK hynix backtracked 1.8 percent.
The Korean won was trading at 1,140.80 won against the U.S. dollar, up 0.3 won from the previous session's close.
Now we've got oil prices rising because of the escalating conflict in Libya between the government and a rebel army.
West Texas Crude this week has risen to a 5-month high.
What do you see happening with oil?
Oil spiked to its highest level in five months as a drop in the U.S. dollar and conflicts from Iran to Libya helped make the crude oil looks like an increasingly strong bet for investors.
Crude futures rallied 2.1 percent in New York Monday. The dollar fell, improving the lure of commodities priced in the greenback. Meanwhile, fighter jets bombed the Tripoli airport in Libya and U.S. President Donald Trump said he would designate Iran’s Revolutionary Guard a terrorist group, escalating tensions in two of the world’s biggest producers.
However, crude oil fell on Tuesday as Russian President Vladimir Putin clouded the outlook for production cuts that have helped power this year’s rally. Brent crude futures slipped 0.7