Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, Global Strategist at Yuanta Securities.
Mr. Yoo, good afternoon. Thanks for making time today.
Before we get to the markets, I'd like to ask you about cryptocurrency with Bitcoin now back up to about 60-thousand dollars. It's still a controversial area. For example, the contrasting views of the CEO of Morgan Stanley, James Gorman, who says crypto is not a fad, while Jamie Dimon of JP Morgan has said multiple times that Bitcoin is worthless. These two CEOs have some influence. So with Bitcoin almost doubling in price the past few months, how do you see the cryptocurrency situation?
Stocks on Wall Street meanwhile, also closing sharply higher on Thursday. Their biggest gain in a number of months. Some earnings surprises for the third quarter most companies better than expected, including the big banks. The Nasdaq and the S&P both up around 1.7 percent. What's the story in global stocks?
Strong gains today in Korea, too. The KOSPI back above three-thousand points now. The big chipmakers doing well today. Looks like retail investors seeing a chance to take some profits today. Tell us about the domestic market.
Oil prices still above 80 dollars a barrel. The rise over the past couple of months reflected in Korea's import and export prices. In September, the price of Korea's exports of refined oil products and other chemicals up one percent. Prices rising across the board, including for chips and agricultural products too. What do you see happening with Korea's exports?