<Anchor>
Reporter Kwon Ae-ri's friendly economy begins.
Reporter Kwon, is the atmosphere that the next president of the United States will become candidate Biden, and investment sentiment is recovering in the global financial markets?
<Reporter>
Yes.
First, the Korean stock market exceeded 2400.
It's been 20 days.
One thing to note is that foreigners bought Korea's stocks in a day over a trillion won.
There haven't been many foreigners living like this lately.
It is the ninth highest number of net purchases per day.
The atmosphere where a lot of foreigners' money is coming into Korea means that there are many people who want our money and won.
The value of the won also rose sharply compared to the dollar.
As the results of the U.S. presidential election are outlined, not only ours, but also the global stock market are rising all at once.
The US stock market also ended with a rise of more than 2% this morning following yesterday (5th).
Again, the biggest reason is the atmosphere that the uncertainty that the economy hates most is disappearing.
President Trump is not yet ready to conquer, and some regions are even discussing election results in court, but in the financial market, the situation is gradually being cleared up. This atmosphere is dominant.
Whether it's Biden or Trump, I want people to be quick and see the direction in the future, the situation surrounding the presidential election is too confusing, and I feel relieved now.
This early morning, the Federal Reserve System, the central bank of the United States, froze the current rate, which is at zero interest rates, which was the dominant, predicted freeze.
<Anchor> When the
presidential election is over, the US's stimulus plan and the big decisions like this will speed up a bit, right?
<Reporter>
Yes.
There is such an expectation.
Just as Korea has increased its budget several times this year, the US government has continued to discuss economic stimulus measures to re-release the enormous amount of money.
But now, once the new owners of the White House become clear, expectations for passing the stimulus package rise again, which means that there is a growing expectation that the world will see more dollars soon.
This is the big impact that foreigners showed up in our market yesterday after a long time.
When the uncertainty disappears, the world stabilizes, and the dollar becomes common, investment sentiment that money can make more money in emerging markets like Korea has recovered.
And although the tension between the United States and China will continue structurally, there is also a sentiment that the US president might lead to checks and conflicts at a more predictable level than that of Trump.
Therefore, the dependence on exports to China is high, and in the world market, investment sentiment in Korea, where investment is made due to the fact that it is heavily tied to China, has recovered greatly.
<Anchor>
If the US president is confirmed as Biden, as you said, this kind of friendly atmosphere for our market could continue, right?
<Reporter>
Yes.
In the short term, the trade conflict between the United States and China is unlikely to worsen, so there is a clear expectation that Korea's exports will sell better.
But it's a bit subtle.
There is a possibility that another homework will arise for us than when President Trump had a strong conflict with China.
[Seungmin Yoo/Samsung Securities Global Investment Strategy Team Leader: If Trump adopted unilateralism, Biden would restore US leadership within the framework of multilateralism.
Since it is saying that it will be sanctioned against China with its allies, especially from the Korean standpoint, it may be a dilemma that requires a choice.]
So, if the Trump administration is strongly attached to China on a one-on-one basis, the Biden administration will pressure China together. Let's say, we can quietly urge neighboring countries, including us.
Even if the big whale fight isn't noticeable right now, it may be difficult to make good choices in a subtle tug-of-war situation.
If the Biden administration enters the industry, the green, renewable energy, and bio industries are certainly promising.
In particular, Candidate Biden is so interested in eco-friendly energy that he professes to gradually quit the oil industry, and plans to invest more than 2,200 trillion won in this field over the next four years.
One tweet sent yesterday regarding the future policy was that President Trump would rejoin the Paris Climate Change Convention, which was withdrawn, in the next 77 days, or as soon as he took office.
It can be said that Korea's electric vehicle batteries, solar power, eco-friendly companies, and the Green New Deal policy being promoted by the government also met with good news.
<Anchor> When
Candidate Biden becomes president, it was a good time to play Trump, and I hope you don't hear this.