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, thank you for making time today.
Jerome Powell's been reassuring the world that they're going to stick with an easy money policy, but still a surge in Treasury yields spooked investors on Thursday, sending stocks sharply lower. On the Nasdaq, it was the biggest drop since last October. What's the story in the global markets?
Korean shares taking a big hit today, giving up most of yesterday's big gain. Strong buying from retail investors, but foreigners and institutions selling. Tell us about the local markets.
Interest rates rising not only in the U.S. but in Korea too. Many believe that's inevitable given all that's happened in the past year. But what do rising rates means for the Korean economy, and what kind of response do we need?