By Mike Bird Aug. 31, 2019 9:03 am ET South Korean President Moon Jae-in this week made a public display of personal support for Korean companies by investing an unspecified quantity of his own money in a local equity fund.It is hard to think of a stock market with as many macroeconomic forces weighing against it. Four challenges stand out, some homegrown and others from overseas.
Third, the country’s domestic economy has weakened and trend growth has dropped sharply. Rapid increases in minimum wage levels to internationally elevated levels may have weakened the climate for employment. Finally, South Korea is engaged in an idiosyncratic economic conflict with the government of Japan.
Newsletter Sign-up Korean stocks look screamingly cheap on some metrics. A price-to-book ratio of just 0.8 is lower than at almost any time in the past 15 years, and testing levels touched in the middle of the financial crisis.
Korea is now derailing from U.S.-leading bloc, wandering around N.Korea and China, which makes East Asia fragile
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blocked in Business, South Korean Women Start Their Own'I thought I would not have a future as a woman at a more traditional company. I thought I would not get a top position, so I had to go out and start my own business, sooner rather than later.' Via nytimes womensempowerment AKimCampbell nytimes You really wish a hurricane to hit Florida? All because of your hate of one person. Did you ever stop to think about all the Black, Hispanic, Asian and other minorities that live there and how they would be greatly affected? Ur a racist/bigot who needs to focus on her own country AKimCampbell nytimes Kim Campbell was a useless PM who was never voted in and destroyed the Conservative chances for re-elect due to her arrogance and horrible skils Categorizing.
Source: WomenintheWorld - 🏆 150. / 63 Read more »
September is the worst month for stocks — and it’s even gloomier after a downbeat AugustAugust is typically a weak month for stock market performance, and September is the only month that, on average, is worse for equity-market prices sideways r the main ways Agree. Those indexes have failed to break for several times already. And 'one day', 'everyone' agrees they are too high.
Source: MarketWatch - 🏆 3. / 97 Read more »
Markets Right Now: Stocks open broadly higher on Wall StreetStocks are opening broadly higher on Wall Street, putting the market on track for a big weekly gain following four straight weeks of losses. Trump some with Xi. NIIIIICE. They know trump was lying, right?
Source: ABC - 🏆 471. / 51 Read more »