Time for an in-depth look at the market action today.
We're joined on the line by Daniel Yoo, Global Strategist at Yuanta Securities.
Mr. Yoo it's great to have you with us.
Thank you.
Let's start with the first virtual summit between U.S. President Joe Biden and his Chinese
counterpart. Washington and Beijing have been at loggerheads
on a number of contentious issues. And it appears
they covered
an array of topics.
Staying with
the summit. There's a lot of attention on semiconductor-related
issues. Government intervention or involvement can
and will affect some major moves by big names in the industry.
How would these developments affect Korean chipmakers?
Over in the U.S. Inflation concerns linger.
The yield on the benchmark 10-year Treasury note jumped.
What's your overall assessment of the global market today?
As for Korean stocks. The Washington-Beijing summit would
have
played a key contributing factor in the numbers. There were some expectations of the meeting
producing constructive results. Do fill us in on the domestic
market
developments today.