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.
On Wall Street overnight, all three main indices were up for a third session in a row, led by tech shares while energy and financials were off. Earnings coming in strong, though U.S. jobless claims were higher than expected. What's the story in the global markets?
Today Korean stocks closed higher too. A nice gain for POSCO yet again after it's big rise in earnings and also for Naver. Tell us about the domestic market.
The Korean won is trading at around 11-50 to the dollar, back up to its recent peak as the dollar strengthens. Also the U.S. 10-year Treasury yield is back up almost to 1.3 percent. So what do you see happening with the exchange rate and Treasuries?
This week, the ratings agency Fitch said it's keeping its rating for South Korea at double-A minus, which is its fourth-highest level, and its outlook is stable. Next year, Fitch is forecasting the economy to grow by three percent. Tell us about this outlook from Fitch.