Time now for an in-depth look at the market news on this Friday.
And for that, I'm joined on the line by Mr. Daniel Yoo, Global Strategist at Yuanta Securities.
Mr. Yoo, good afternoon. Thanks for coming on today.
Let's start with the U.S. Data show strong retail sales for August, which was a surprise. Still, stocks were lower for the most part, the Dow and the S&P both off slightly, with a similar rise in tech shares on the Nasdaq. What's the story in the global markets?
Today, the Korean markets started lower, but we soon retail investors were buying and they closed higher for the day. Some of the big movers today were chipmakers. Shares of Kakao still down. Tell us about the domestic market.
Of course, Korea is starting a long holiday tomorrow, and so the markets will be closed for most of next week. Holidays in China, too, and Japan. Trading will continue elsewhere in the world, though, so what will investors be watching in the next several days?
Finally, Mr. Yoo, if we could talk about home prices. Last month, homes in the greater Seoul area rising at the fastest pace in 13 years. An increase of almost 1.3 percent from the month before. It's an issue that's always in the news, with the government's measures so far proving ineffective, to say the least. In any case, the situation is seen as unsustainable. What do you see happening in the property market, or the economy more generally?