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.
Thank you as always for coming on.
Stocks on Wall Street were mostly lower on Monday with tech shares under pressure.
The Nasdaq off by 1-point-2 percent.
There are concerns about growth.
This week, we're getting retail earnings reports.
What's the story
in
the global markets?
Here in Korea, stocks were higher today.
A solid gain for Samsung Electronics.
And though foreign investors continue to sell, the exchange rate has come down a little bit.
Gas and petrochemical names closing higher today.
Tell us about the domestic market.
Now, we
see that
in the first quarter, revenue at Korea's 500
biggest companies was up almost 20 percent from a year ago.
In a ranking, the top earning companies were in the IT sector, followed by petrochemicals,
cars and car parts and so on.
Tech was far in the lead, led by the boom in chipmaking.
You've often pointed out the low valuations of South Korean equities.
What do you see in these data?