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 coming on.
The U.S. market was closed on Monday for Independence Day. Other markets were higher for the most part overnight. The exception in Europe was Germany. In Asia today, mostly higher as well, with the exception of Shanghai. What's the story in the global markets?
Korean stocks today with a bounce back, apparently on some hope for a truce in the war in Ukraine. Big names higher for the most part, but not carmakers. They've been struggling with concern about a slowdown in demand overseas. Foreigners buying today, though the exchange rate is still at 13-hundred. Tell us about the domestic market.
Consumer prices last month in Korea were up 6 percent from a year earlier. The highest inflation since 1998. Last year we were talking about inflation at 1 to 2 percent, and there was a point the government was worried it was too low. What's happening with inflation, and what kind of effects are we going to see