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Institutional Investor (July 18)

2023/ 07/ 18 by jd in Global News

“The cyclically adjusted price-to-earnings ratio for emerging market equities is 15x, compared to 27x for those in developed markets and 34x for those in the U.S.” At just above 10x, “China is trading at a significant discount,” but investors can also easily “steer clear of China.” Other emerging market opportunities “worth considering” include Korea, Brazil, Malaysia, Hungary, Thailand, Mexico, and much of Latin America where P/E ratios range from 10x to 25x.

 

The Korea Economic Daily (June 15)

2023/ 06/ 16 by jd in Global News

“Everything Asian policymakers were sure they knew about 2023 is going sideways.” When the year opened, “conventional wisdom” expected “Chinese growth would help the region make up for lost economic time.” Now the worry “is about deflation risks as factory-gate prices go negative” with consumer prices in China “on the verge of contraction.” Its exports are “cratering,” but China’s falling imports are “the bigger problem for Korea, and Asia more broadly.” In May, China’s imports fell by 4.5%, “dampening hopes that post-pandemic ‘revenge spending’ by 1.4 billion Chinese would propel Asian growth sharply higher.”

 

Market Insider (September 30)

2022/ 10/ 01 by jd in Global News

“Japan and Korea have dumped billions of dollars into the foreign exchange market to prop up” their currencies. Nevertheless, “the dollar has surged 26% against the yen and has risen 21% versus the won.” The yen and won are hardly unique. “Both developed and emerging market economies, have slumped against the dollar,” but both currencies “have also been hurt by trade deficit concerns” as their “economies are importers of oil.”

 

Bloomberg (May 27)

2018/ 05/ 29 by jd in Global News

“The great deal maker has yet to make even a decent deal as president; he hasn’t negotiated anything on health care, immigration or infrastructure, and the trade negotiations with China may be a bust.” In Korea, Donald Trump’s “gut instincts” have resulted in a blunder that’s “worse than it looks: Kim Jong Un appears shrewd. China is stronger. And U.S. allies know not to trust Washington.”

 

Business Times (March 28)

2018/ 03/ 30 by jd in Global News

Kim Jong Un’s visit to Beijing “is only the latest sign of moving geopolitical plates over the Korean stand-off. Following spiralling tensions in the peninsula in 2017 over the North’s nuclear weapons and missile programmes, 2018 has brought unexpected, and what could yet prove remarkable, diplomatic respite that has seen a mini-rapprochement between North and South.”

 

Korea Times (October 1)

2017/ 10/ 02 by jd in Global News

A combination of Japan’s Obon holidays and a harvest festival, Korea’s Chuseok break has begun and “a record number of travelers flocked to Incheon International Airport on the first day.” On Sunday, 114,746 passengers used the airport to depart, but the new record is expected to be broken again during the remainder of the 10-day Chuseok holiday season. Flights to Japan are especially popular with Korean Air reporting that “99 percent of its tickets to Japan have been booked,” while flights on low-cost carriers were snapped up long ago.

 

Korea Times (May 9)

2017/ 05/ 11 by jd in Global News

“Moon Jae-in of the largest Democratic Party of Korea couldn’t take office as president in more trying times ― the country is besieged by big challenges from within and without.” To succeed, he “should ditch partisan politics” and “adopt partnership governance.”

 

Chosun Ilbo (May 9)

2017/ 05/ 10 by jd in Global News

Koreans elect their next president today, five months since the National Assembly impeached Park Geun-hye…. Korea had to endure unprecedented conflict and chaos over the past few months, and society continues to be divided along generational lines as many older people cling to certainties to which they have become accustomed. Many hope that things will now return to normal.”

 

Institutional Investor (February 6)

2016/ 02/ 07 by jd in Global News

“Markets across much of Asia, including in China and Korea, will be closed in observance of Lunar New Year this coming week, providing a break for investors concerned over cooling growth in China.”

 

Financial Times (October 15)

2012/ 10/ 17 by jd in Global News

The relationship between Tokyo and Seoul is “on the rocks.” The two countries made tremendous progress in recent years. But now the territorial spat over the Takeshima islands threatens “to undermine a recent improvement in relations between Japan and its former colony.” The rift between the two U.S. allies also risks undercutting the Obama administration’s shift toward Asia. With elections approaching in both countries, there is a possibility that new leaders could reset the relationship, “but a true rapprochement remains distant.”

 

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