With the UK voting to leave the EU, uncertainties are predicted to extend for the time being. As such, we believe that the global monetary easing trend will strengthen. Under the worst-case scenario, the Fed may even consider cutting the FF rate. Considering that the possibility of an additional domestic rate cut has heightened further, we suggest expanding duration of KTBs upon yield rises.▶Global bond market outlookDeveloped markets: As the UK has voted to leave the EU, we believe that it will

[THE INVESTOR] Samsung Securities maintained its buy rating and price target of 135,000 won (US$114.31) for Coway, a Korean water purifier maker, recommending the stock as an investment alternative with stable returns amid growing uncertainty in the market. “Coway has been enjoying stable growth based on its overwhelming market dominance and unique business model,” said Park Eun-kyung, an analyst at Samsung Securities. She expects Coway’s second-quarter sales to rise 15 percent on-year to 637.8

[THE INVESTOR] The Korean financial market remained volatile on June 27 following the UK’s vote to leave the European Union last week, with the equity market opening with a loss on weakened sentiment.Brexit is expected to have a long-lasting impact on the global economy with Korean exports to the EU forecast to slow in the coming years, further weighing down investor confidence, hence, Korean President Park Geun-hye has called on her senior secretaries and financial authorities to increase monit

[THE INVESTOR] The price of gold on Korea Exchange’s gold market broke the 50,000 won (US$42.4) per gram mark for the first time on June 27, fueled by uncertainties arising from UK’s departure from the European Union.On June 27, gold closed at 50,200 won per gram, up 780 won or 1.58 percent from June 24. This is the first time the price has broken the 50,000-won mark since the KRX gold market was launched in March 2014. On June 27, gold began 1.1 percent up buoyed by private investors seeking mo

[THE INVESTOR] Korea Investment & Securities predicted that the benchmark KOSPI would trade within a range of 1,870 points to 2,000 points in the aftermath of the Brexit crisis.“There are two scenarios here, one is that the uncertainties surrounding Britain and Europe will spill over into emerging markets, meaning the local stock markets will continue to fluctuate,” said Noh Geun-hwan, an analyst with the brokerage.“Only 1.4 percent of the South Korean bond market is composed of British funds, b