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◆ The New York Stock Exchange collapses due to the sharp tightening and surge in Treasury yields
Major US equity indices fell at 22nd local time on fears that the intense tightening by the US central bank (Fed) will continue. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 30,076.68, down 107.10 points (0.35%) from the previous trading day. The Standard & Poor’s (S&P) 500 Index fell 31.94 points, or 0.84%, to 3,757.99. The tech-focused Nasdaq fell 153.39 points, or 1.37%, to close at 11,066.81. At the Federal Open Market Committee (FOMC) meeting the day before, the Fed announced that it would raise the benchmark interest rate by 0.75 percentage points for the third time in a row and that it would raise rates at a rate higher than expected. of the market. US Treasury bill prices fell and interest rates rose on the day amid expectations of a high resistance tightening.
◆ International oil prices rise due to concerns about Chinese supply and demand expectations
International oil prices rose slightly due to supply concerns and expectations of increased demand from China. On the New York Mercantile Exchange, the West Texas Intermediate (WTI) price for the November contract closed at $ 83.49 a barrel, up 55 cents (0.66%) from the previous day. The European Union (EU) today reached an agreement on the eighth round of sanctions against Russia. Sanctions are known to include a cap on the price of Russian oil.
◆ Presidential Office “He said ‘if you blow’, not Biden … It’s not about the beauty, it’s about the pitch”
The presidential office said that in connection with the controversy over President Yoon Seok-yeol’s “profanities” during his tour, he was not targeting US President Joe Biden or the US Congress, but was referring to concerns. on our opposition. In a local briefing on the 22nd, Kim Eun-hye, senior chief of public relations, said of the president’s remarks: “There is no mention of the United States and there is no reason to say Biden.” After leaving the meeting room after the “seventh meeting on the financial commitment of the Global Fund” hosted by President Biden the day before, President Yoon told the staff about him: “If the National Assembly does not approve these XX, what should I Do?
◆ The foreign ministers of South Korea, the United States and Japan meet in New York … “Close cooperation of the three countries on the North Korean nuclear threat”
The foreign ministers of Korea, the United States and Japan met in New York, in the United States. Foreign Minister Park Jin, US Secretary of State Tony Blincoln and Japanese Foreign Minister Yoshimasa Hayashi discussed ways to collaborate on North Korea’s seventh nuclear test at a trilateral meeting of foreign ministers on 22 local time. During the meeting, which lasted about an hour, South Korean, US and Japanese ministers decided to further strengthen trilateral cooperation on pending issues such as the North Korean nuclear program.
◆ The second public release of the government 尹 … The average fortune of 16 people in the presidential office is 3.8 billion won
The average wealth of 16 staff members appointed to the presidential office in June this year is estimated at 3.8 billion won. The Government’s Official Ethics Committee today published information on property registration for high-ranking public officials in the Electronic Official Journal. The subject of this disclosure is 801 people whose status has changed, including 26 new high-ranking public officials of Level 1 or above in June of this year, 43 who have been promoted and 720 who have retired. The highest-ranking public official who reported the most properties in June was Prime Minister Park Seong-geun, who reported 22.93 billion won.
◆ August producer price, down 0.3% from the previous month … Down after 1 year and 10 months
Last month, the producer price index fell for the first time in a year and 10 months. This is interpreted as the consequence of the recent decline in the increase in international oil prices. According to the Bank of Korea, the (provisional) producer price index in August was 120.12 (2015 level 100), 0.3% lower than in July. It showed a downward trend for the first time in a year and 10 months since October 2020 (-0.4%). However, this is 8.4% higher than a year ago, showing an upward trend for the 21st month. Compared to the previous month, industrial products fell by 1.4%. In particular, the decline in coal and petroleum products was 8.6%.
◆ ‘autumn equinox’ where day and night have the same duration … Cloudy and rainy once in the central region
Friday 23 is the fall equinox when day and night are the same length and there will be many clouds across the country. From morning to afternoon, there will be places where it will rain for a while in the central region (except Gangwon Yeongdong). During the day, there will be places where raindrops will fall in Jeollabuk-do. The expected rainfall is between 5 and 10 mm in the metropolitan area and in 5 West Sea provinces and less than 5 mm in the Yeongseo and Chungcheong areas of Gangwon. The highest temperature during the day was expected to be between 21 and 28 degrees Celsius. For the time being, the temperature difference between day and night is expected to be more than 10 degrees, mainly inland.
Oh Jung-min, Hankyung.com reporter [email protected]
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