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 today.
Good afternoon.
There are concerns about the potential economic impact of the Delta variant, and that seems
to be what sent stocks lower overnight in New York. All three main indices down about
point-7 or point-8 percent. What's the story
in the
global markets?
Today, Korean stocks
are down by quite a bit because of the stronger
distancing rules in place now. The KOSPI down to almost 32-hundred points. Not many exceptions
to the declines today. Tell us about the domestic market.
The exchange
rate
has risen quite a bit this week, the Korean won now almost at 11-50 to the dollar. That's
in the upper range of what we were discussing recently. Is that simply the coronavirus situation
in Korea or what do you see happening with the exchange rate?
The big crypto currencies are a little lower this week. Bitcoin right now at about 33-thousand
dollars. Ethereum back down to around 21-hundred. There continues to be news about more regulations
on crypto. What's
the story
in crypto
right now?