Presidential political stock market outlook ... Policy attention temaju injury

[Korea goyounghun financial newspaper reporter] the Constitutional Court in the last 10 days was sentenced to impeach former President Park Geun-hye. Domestic markets breathed a sigh of relief to ease political uncertainty. Sharply early in the atmosphere in accordance with the policies of presidential candidates hyeongguk leaning Agencies are also increasingly likely to move markets.

13 days, according to financial experts expects to stay in the short-term effects, yet exert a positive influence on stock markets. December 9 last year as Congress began impeachment impeachment prosecution decisions have led to a contraction in consumption, including Psychology.

Moody's was flat dwaetdago gotta eliminate a major factor of political uncertainty as a result of impeachment, saying in a statement to elect a new president to focus limited upward risk to the forecast of 2.5% economic growth in 2017 in Korea.

One financial investment joyongjun Research Center, said, "gotta relieve the uncertainty of the market seems to be reflected in this part," he was diagnosed as "a big change in fundamentals than place-based elements of long-term corporate earnings will be affected."

NH Investment & Securities gimbyeongyeon Institute "since 2004, dismissed Roh impeachment Kospi slumped made the subsequent rapid recovery" and "at the time of the election law in that it was an impeachment prosecution of violations, the impeachment reasons due to corruption Park Geun-hye President and the causes and consequences said will be different. " 2016 Brazilian chef before heading later quoted the president impeachment Brazilian stock index recorded a rise. She was involved in the impeachment as spite, corruption symbolism of the first ever female president. Rather, policies and expectations resurrection drove the financial markets higher.

SK Securities handaehun researchers "No. chef presidential impeachment is after the vote in the House Brazilian stock market, which had rebounded," said "of course, oil prices and the rising prices of iron ore jwotjiman impact on the stock market rises politics to solve also shares reversal of uncertainty He explained that it was decisive. "

Joyongjun center Zhang pointed out, "it is correct but positive impact on the early presidential election is important to share daily expenses so you do not need to ilhui policy because corporate profits."

There was also due to the early presidential political opinions rea be affected by the policy of the presidential candidates.

Kyobo Securities Kim, Young - Joon Research Center, said, "The impeachment temporarily Korea's economic focal point when quoted together, we will be the next presidential election political situation," said "already face seonbanyoung the price, but would be resilient to the upward flow due to the expectations for the next generation of government." He was diagnosed.

Mirae Asset Daewoo investment strategy gimhakgyun department also "Financial markets have adversely affected has the political autonomy is not it," said, "but going in the meantime, shares the global average level may be affected by the policy due to the early presidential election mode," he said.

Past 1 years after the election stock markets showed strong were the situation to take a peak in the second year of the term. The share price rose five times since the presidential election of six cases in the 13 to 18, there was no significant impact on the market one occasion.

Cape gimyugyeom Investment Research, said, "expected to enhance interest in the policy commitments of pre-candidate Moon Jae-in, and keep the current overwhelming approval ratings leader," said "in this regard is the time to focus attention on sectors and stocks."

In Daishin Securities side of this possibility of impeachment cited also momentum to the Kospi is lower analyzed would rather build global issues such as the next scheduled Federal Open Market Committee (FOMC) meeting, deadline debt limit of the US negotiating determine hyangbae the KOSPI.

Daishin Securities yigyeongmin researchers "mentions Looking at the commitment of leading presidential runner domestic activated for economic stimulus," "if you entered the presidential race is expected to ease domestic activation and the fourth industrial revolution, the center of economic stimulus policies," said Diagnosis did.

Last 7 days ago representatives statement saying think of daejeonhwan, structural reforms of the economic paradigm major surgery is required to open the national growth period has said that the need to secure the country's competitiveness according to the fourth round of the industrial age. In addition, policies for small and mid-caps momentum is expected to lead to positive price changes.

The researchers "are candidates yijaemyeong one people only referred to the recent military authorities have one thousand people exactly Saad placed opposite of the supreme leader is rushing Saad place" and "is likely to Saad retaliatory sanctions on China stronger than weaken look high," he said .



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