Time now for an in-depth look at the market action as we start the week.
And for that, I'm joined on the line by Dr. Yang Jun-sok, professor of economics at the Catholic University of Korea.
Dr. Yang, thank you for coming on today.
Thank you.
Last week, there was news that China has set up a national semiconductor fund worth around 29 billion U.S. dollars. The goal is to reduce China's dependence on U.S. technology. Tell us about that, and what else stands out to you in the markets today?
The price of bitcoin in the past couple days has gone back up by as much as 40 percent. It's around 96-hundred U.S. dollars now. Why is that, and do you think this a rally that will last?
This week will see the start of full-scale deliberations in parliament over the government's budget for next year. We'll see consumer inflation data this week too, and whether that's picking up from the zero-percent range we've been seeing. That and what else is coming up this week?
Alright, Dr. Yang. Thanks so much for sharing your insights with us today.
We appreciate it.
