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.
Thank you.
The U.S. markets were closed Monday for Memorial Day, but in Europe, stocks continued to rise.
The DAX in Germany was up almost point-9 percent, the CAC 40 in France up more than point-7
percent.
The U.S. futures are up right now too, so it seems this rally could continue.
What's
the story
in
the global markets?
Today, the Korean market was a little shaky early on but closed higher with China releasing
its purchasing managers index, showing an improvement but still a contraction.
Foreigners were again net buyers in a big way, and the currency is holding below 12-40.
Samsung shares were down, though.
Tell us about the domestic market.
Last month, data show
the South Korean economy saw a decline in production, consumption and investment.
In fact the decline was a little bigger last month.
It's the first time all three of these figures have been down at the same time since February
of 2020.
What does this mean for
the local economy?