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 Jerome Powell being set to resume his role at the Fed chair.
While there are critics, President Biden expressed great confidence in
the continuation of Powell's service in that post.
What are the key reasons for his nomination, and what can we expect moving forward?
News of Powell staying on as Fed Chair would have swayed some investors.
Strong starts in various indices in the U.S. stock market.
But the numbers fluctuated. Do help us dissect the digits.
Here in the nation, a rough start for the main bourse as well as the tech-heavy KOSDAQ.
What's your overall assessment of the domestic market today?
Chipmakers Samsung Electronics and SK Hynix notching positive numbers.
The industry has been unable to claw back up from a prolonged slump.
Some analysists even believed a turnaround will not happen anytime soon.
Will we see a strong, solid rebound?