◆ New York stock market rebounds on the first trading day of May… Nasdaq closed 1.63%↑
New York Stock Exchange major indexes closed higher on the first trading day of May. The Dow Jones Industrial Average closed at 33,061.50 on the 2nd local time, up 0.26% from the battlefield. The S&P 500 closed at 4,155.38, up 0.57% from the battlefield, and the Nasdaq Composite closed at 12,536.02, up 1.63% from the battlefield. Investors paid attention to the results of the regular meeting of the Federal Open Market Committee (FOMC), which will be released on the 4th of this week, as well as movements in Treasury yields and economic indicators. New York Stocks experts said markets are beginning to price down recession concerns and are beginning to sense that the financial environment is changing as the Fed tightens.
◆ National Assembly, plenary session in the morning… Handling of amendments to the Criminal Act for ‘Second Round of Prosecution and Wanbak’
The National Assembly will handle the amendment to the Criminal Procedure Act, the second of the ‘Completely Deprived of Prosecutors’ Investigation Rights’ bill at the plenary session of the National Assembly on the morning of the 3rd. The amendment to the Criminal Procedure Act was proposed immediately following the amendment to the Prosecutor’s Office Act was passed on the 30th of last month. The People’s Power applied for a ‘filibuster’, an unlimited discussion, but it ended at 12:00 on the same night according to the ‘splitting session’ strategy of the Democratic Party of Korea. The Democratic Party is planning to pass the Criminal Justice Act at the plenary session today in accordance with the provisions of the National Assembly Act, which stipulates that the agenda should be voted on without delay in the next session. However, the power of the people is once morest it, and labor is expected to continue.
◆ Hearing today with 4 candidates including Prime Minister Han Deok-soo and Welfare Jeong Ho-young
The National Assembly will hold a personnel hearing on the 4 candidates for the 1st term of the Yoon Seok-yeol administration on the 3rd. In addition to the second day of hearings for Prime Minister candidate Han Deok-soo, candidacy for Minister of Health and Welfare Jeong Ho-young, Minister of Public Administration and Security Lee Sang-min, and Minister of Science, Technology and Information, Lee Jong-ho, respectively, will stand at the hearing. At the personnel hearing on Candidate Ho-Young Jeong, the hearing committee members of the Democratic Party of Korea are intensively arguing over the preferential treatment for his child’s transfer to medical school, suspicion of his son’s military service, and his actions while serving as the head of the Kyungpook National University hospital. With regard to candidate Lee Sang-min, suspicions such as his child’s ‘daddy chance’, transfer of disguise, and tax evasion have been raised, while suspicions such as accompanying son on business trips and evasion of gift tax have been raised for candidate Lee Jong-ho.
◆ Wen, no last pardon
President Moon Jae-in has decided not to use his last pardon card at the end of his term. It is known that President Moon repeatedly considered the possibility of pardoning former President Lee Myung-bak, former Gyeongnam Governor Kim Kyung-soo, Samsung Vice Chairman Lee Jae-yong, etc. In the political world, there is no discussion of amnesty at all yet, and there is an analysis that physical time is running out. As public opinion on the amnesty has deteriorated recently, it seems that the negative opinions regarding the amnesty have eventually strengthened.
◆ The whole country is clear and fine dust is good… big diurnal shift
On Tuesday, the 3rd, there will be a large daily temperature difference with clear skies across the country. The highest daytime temperature is predicted to be 17-24 degrees Celsius, and the concentration of fine dust will be ‘good’ to ‘normal’ in all areas. From this followingnoon to the morning of the 5th, we have to be careful with very strong winds in Yeongdong, Gangwon and northeastern parts of Gyeongbuk.
Until now, I was reporter Kim Ye-rang of Hankyung.com.
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