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. Thank you for coming on.
Stocks on Wall Street were down overnight the three main indices by almost one percent each. A large part of that at least on reports that the Biden administration is going to raise capital gains taxes on people with ultra-high incomes. Tell us about that and the latest on the global markets.
Today Korean stocks started out where Wall Street left off, down sharply in the morning but back up into positive territory by mid-morning. Ending the day with a slight gain. Tell us about the local markets.
And always in the news these days the price of Bitcoin continues to come down from its all-time high a week or two ago. It's a volatile market, and of course to some it might feel like we've been here before. What do you see happening in the crypto space?
We've seen a little pullback in the price of oil. The pandemic very much a concern in terms of what kind of demand there'll be. And for a safe haven, some might still be looking at gold. What's happening with these two commodities?