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 today.
Let's start with stocks on Wall Street. At about noon on Tuesday, U.S. time, we're going to get U.S. consumer price data, and that's widely expected to show inflation still running pretty hot. Stocks on Monday were mixed but mostly higher. The S&P and the Dow breaking their losing streak, but the Nasdaq down again. What's the story in the global markets?
Oil prices have rebounded over the past few weeks, back to above 70 dollars a barrel. Still some risks, though. Interestingly Bank of America talking about 100 dollars a barrel if there's a big freeze this winter in the U.S. like we saw this past winter. What do you see happening with oil prices?
Today in Korea, it looks like retail investors taking some profits, but foreigners and institutions buying pretty heavily. Both the KOSPI and the KOSDAQ with a nice bounce back of around one percent. Tell us about the domestic market.
Korea's export prices were up last month for an eighth month in a row. According to the BOK, an increase of one percent in August from the month before. Not an increase across the board, though. Certain metals and chemicals up, but refined oil products and farm produce were lower. What do you see happening with Korea's exports?