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. Good to have you back on.
Stocks on Wall Street closed higher overnight, though U.S. GDP came in below expectations. There were other factors, though, like a pick-up in production. Good earnings from some companies, though not Amazon, for one. What's the story in the global markets?
Korean stocks closed lower today, a fairly significant decline. Only a very few sectors making gains today. Retail investors, though, apparently seeing a chance to buy. Tell us about the domestic market.
We've been talking about this a lot lately, but the Korean currency. Fluctuating in that range around 11-50 to the dollar. It has come down a bit, though, and we could maybe look back to that U.S. GDP figure as a contributing factor. What do you see happening with the currency?
Some more data here in Korea. Production rising again last month, notably in semiconductors. Retail sales up, too. Still, hanging over all of that is the fourth wave of the pandemic. Help us go through this data from June.