New York stocks plunge on first day of FOMC Treasury yield hike
New York stocks fell last night on the impact of higher Treasury yields ahead of the US central bank’s (Federal Reserve) Federal Open Market Committee (FOMC) meeting, which takes place over two days starting today. On the New York Stock Exchange early this morning, the Dow Jones Industrial Average fell 1.01% from the previous trading day. The S&P 500 and Nasdaq also fell by 1.13% and 0.95%, respectively. Currently the size of the US central bank rate increase reflected in the interest rate futures market is 0.75 percentage points. If the US central bank raises interest rates by 0.75 percentage points again this time, it would be the third ‘giant step’ in a row. Some predict the possibility of a ‘step up (1% point increase)’. The day before the results of today’s regular FOMC meeting, Sweden’s central bank raised its key interest rate by 1 percentage point. The two-year Treasury yield crossed 4% today as the US central bank is expected to continue to tighten intensively.
President Yoon “Let’s defend freedom through international solidarity”
President Yoon Seok-yeol delivered his first major United Nations speech since taking office at the 77th United Nations General Assembly held in New York this morning. President Yoon emphasized the key words ‘freedom’ and ‘unity’, saying, “The international community must work in unity to protect the value of freedom.” He said, “Just as members of the community must unite to remove the threat and protect freedom when the freedom of an individual is threatened within a country, in the international community, when the freedom of any citizen or country is threatened , the international community works in unity to achieve that freedom. It must be preserved,” he said. He also pointed to Korea’s will to play a leading role as a leading country in global infectious diseases, official development assistance, and decarbonization and green technology.
◆ Former CEO Lee Jun-seok’s sexual harassment allegations ‘dismissal’
The police have decided ‘not to appeal’ to the allegations of sexual abuse by former People’s Power Representative Lee Jun-seok. The Seoul Metropolitan Police Agency announced yesterday that former CEO Lee Seong-jin, the CEO of IKAIST, has given a disposition of ‘no right to sue’ or ‘no charges’ for allegations of entertainment that lasted until around 2015, including the part he says. received sexual favors twice in 2013. It was decided that the statute of limitations for sexual assaults could not be prosecuted. The statute of limitations has also expired on charges of mediation related to the allegation that former President Park Geun-hye provided money and entertainment to former CEO Park Geun-hye in exchange for a company visit Kim and pardon SK Group Chairman, Chey Tae. – won between 2013 and 2015. The part where Kim claimed to have given Lee and Chuseok a Lunar New Year gift in 2015 was rejected due to insufficient evidence. But police said they would continue to investigate cases of charges such as destruction of evidence and false accusations against Lee.
◆ ‘Shindang Station Stalking Murder’ Jeon Joo-hwan sent today
Jeon Joo-hwan, who has been accused of murdering a female colleague in her 20s who was stalking at Sindang Station on the Seoul subway, will be sent to the prosecution today. The Seoul Central Police Station announced that it would apply the charge of revenge murder to Chun under the Aggravated Punishment of Specific Crimes Act (Special Charges Act) and send it to the Seoul Central District Prosecutors Office today. Jeon was accused of stalking the victim and was on trial without custody on the night of the 14th, a day before the verdict of the first trial, after following the victim while patrolling the women’s bathroom and killing him with a knife. The police arrested Chun on a charge of murder under the Criminal Act, but as the circumstances of the proposed crime were revealed during the enhanced investigation, the charge was changed to revenge murder under the Special Act. Jeon is expected to stand on the photo line in the process of being sent to the prosecution today. The Seoul Metropolitan Police Agency released Jeon’s name, photo, and date of birth after discussion by the Personal Disclosure Committee on the 19th.
Free flu vaccination from today
Free flu (flu) vaccinations for children, pregnant women and the elderly start today. Children aged 6 months to 13 years (born January 1, 2009 – August 28, 2020), pregnant women, and the elderly aged 65 or older (born before December 31, 1957) are eligible for free vaccination. Children between 6 months and younger than 9 years who get the flu vaccine for the first time in their lives are the first to receive it. They need two doses of the vaccine, so they can get the first dose from today until April 30 next year. In addition, children (those who qualify for one dose) and pregnant women can be vaccinated from the 5th of next month to the 30th of April next year. Those aged over 75 start the vaccination on the 12th of the following month, those aged 70-74 on the 17th of the following month, and those aged 65-69 on the 20th of the following month.
Morning temperatures drop… Big daily temperature difference ‘Cold warning’
Today, Wednesday, is mostly sunny across the country, with occasional clouds on the east coast, south coast, and Jeju Island. There will be rain drops on the east coast of Gangwon and the south coast of Jeollanam-do until the morning. The lowest temperature this morning will be 8 ~ 17 degrees, and the highest during the day will be 21 ~ 25 degrees. The fine dust concentration is expected to be at a ‘good’ to ‘normal’ level in all areas due to the smooth air diffusion. There may be foggy areas with visibility of less than 1km, mainly inland until the morning, so be careful about traffic safety. In the East Sea, Jeju Island, the extreme eastern sea of the western part of the South Sea, and the eastern sea of the South Sea, there will be very strong winds and high waves. The sea waves will be 0.5 ~ 3.0m off the East Sea, 0.5 ~ 1.5m off the West Sea, and 0.5 ~ 3.0m off the South Sea.
Reporter Noh Jeong-dong, Hankyung.com dong2@hankyung.com
