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 making time on this Friday.
U.S. stocks have just closed out their worst first half of the year since 1970. Lower again on Thursday. This past quarter, the Dow lost 11 percent, the S&P 16 percent and the Nasdaq 22 percent. What's happening in this market, and what's it look like for the second half?
Korean stocks started out higher today but that was quickly gone. Another significant decline for both main indices. Companies that have been especially volatile this week Samsung SDI and LG Energy Solution down again. The exchange rate at about 13-hundred. Tell us about the domestic market.
Exports were up again last month, data show, but in the first six months of the year Korea posted its biggest trade deficit on record for the first half. Oil imports driving that deficit. What's happening with trade, and your outlook in for the months ahead?