◆ New York stock market declines amid concerns over economic growth… Dow closed 0.81%↓
New York stocks fell on concerns about slowing economic growth and inflation.
At the New York Stock Exchange (NYSE) on the 8th eastern time, the Dow Jones Industrial Average closed at 32,910.90, down 269.24 points (0.81%) from the previous day.
The Standard & Poor’s (S&P) 500 index fell 44.91 points (1.08%) to 4,115.77, and the Nasdaq index, centered on technology stocks, closed at 12,086.27, down 88.96 points (0.73%) from the battlefield.
The previous day, the World Bank cut its global growth forecast for this year to 2.9%, down from the previously projected 4.1%, warning that the risk of stagflation is significant.
The Organization for Economic Cooperation and Development (OECD) also lowered its global growth forecast for this year by 1.5 percentage points from 4.5% to 3.0%.
◆ White House “Strong response to North Korea’s nuclear test”… US sends warning messages to North Korea
Amid speculation that North Korea has completed preparations for its seventh nuclear test at the Punggye-ri nuclear test site, the United States has issued warnings one after another that North Korea will face strong responses if it conducts a nuclear test.
White House National Security Adviser Jake Sullivan told reporters at a press briefing on the 8th (local time) that “the United States is clearly monitoring[North Korea’s]activities and continuing to react to tests conducted by North Korea.”
“We are closely monitoring the possibility of a continued nuclear test,” he said, warning that a strong response will be made in the event of a nuclear test.
“This is an absolute and resolute commitment to defending South Korea and Japan, and that North Korea is open and willing to engage in diplomatic engagement if North Korea is ready to come to the table,” he said. I did.
◆ Today’s SAT Mock Evaluation… Confirmed patients can also apply on-site at a separate test center
The first mock evaluation of the College Scholastic Ability Test (SAT) for the academic year 2023, which is held in an integrated liberal arts and sciences system, will be held today.
Of the 47,148 candidates who applied for the mock evaluation, 404,473 are current students and 76,675 graduates including repeat students.
The linkage rate with EBS SAT textbooks and lectures is 50% based on the number of questions in each area and subject, just like the SAT.
Unlike last year, students who have been confirmed with Corona 19 and those who have symptoms such as fever on the day of the test are given the opportunity to take the test offline.
Among confirmed examinees, high school seniors can take the test in a separate examination room within the school.
◆ Ministry of Education demands light disciplinary action against Seoul National University President Oh Se-jeong for ‘withholding disposition of the motherland’
It is known that the Ministry of Education has demanded light disciplinary action against Seoul National University President Oh Se-jeong in connection with the suspension of the disposition of former law school professor Cho Kuk, who was charged with abuse of power at Seoul National University.
It is the first time since the incorporation in 2011 that the president of Seoul National University has been asked for disciplinary action.
After resigning from the post of Minister of Justice, former Minister Cho was indicted on charges of bribery and abuse of power, and was dismissed from his post at Seoul National University in January 2020.
At that time, Seoul National University said, “There is a limit to substantiating the charges based only on the facts of the accused case notified by the prosecution.”
Separately, the suspension of disciplinary action against Lee Jin-seok (Seoul National University Medical School), who was charged with violating the Public Official Election Act in connection with the suspicion of meddling in the Ulsan mayor’s election, also seems to have influenced the demand for disciplinary action against President Oh Se-jeong.
◆ Cloudy and some showers across the country… Highest 27 degrees during the day
Partly cloudy today with showers expected in some areas.
From dawn to morning, it will rain in the metropolitan area, inland and mountainous areas of Gangwon, and northern Chungcheong, and in the afternoon to evening in the interior of Gangwon. There will be places where there will be showers in mountainous areas and inland in the Chungcheong area.
The lowest temperature in the morning is expected to be 12 to 18 degrees, and the highest temperature in the daytime is expected to be 19 to 27 degrees.
Until now, I was a reporter for Hankyung.com.
