The Korean stock market, the KOSPI and KOSDAQ, fell by about 1% as soon as the market opened.
It appears to be being affected now by the Hengda bad news and the smashing of the US non-farm payrolls after the market closed on Friday.
What is important today is whether the Nasdaq and the S&P 500 will hold up or not, which will also affect Bitcoin.
The world is in a very bad mood with inflation. However, inflation itself can increase asset prices, so my prediction is that the market will rise before the tapering and rate hikes approach, and then move into a bear market due to the Fed's action.
I hope the final ascent comes.
