9/27 cnbc - US is Not in a Recession

US is Not in a Recession

this is what the recovery feels like

 

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deposit - pay a deposit 보증금을 내다
We've put down a 5% deposit on the house.
우리는 그 집에 5%의 보증금을 걸었다.
They normally ask you to pay ￡100 (as a) deposit.
그들은 보통 100파운드를 착수금[보증금]으로 요구한다.

 

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*be responsible for
Tourism responsible for 6% of GDP,
hires 15% of Thailand's workforce
You are solely responsible for it.  
너의 단독 책임이다.

 

 

The Korea Composite Stock Price Index (KOSPI)was up 0.59 percent at 1,857.43 points.

The South Korean won hit the highest level against the dollar in more than four months on Monday

Crude refiners were boosted by the stronger won, which renders the cost of importing crude oil cheaper. S-Oil rose 1.3 percent and GS Holdings firmed 1.8 percent.

Airlines and tourism issues likewise outperformed amid expectations a stronger local currency will increase demand for overseas tours.

Korean Air Lines added 3.5 percent and Asiana Airlines soared 5.4 percent.

Hyundai Engineering & Construction Co surged 6.6 percent, continuing to ride higher on expectations of its imminent sale.

Shareholders of Hyundai Engineering are scheduled to receive preliminary bids for their $2.1 billion stake in the builder by October 1.

Hyundai Motor plans to disclose its decision to bid for Hyundai Engineering, according to a company executive who declined to be named.

But the automaker's shares fell 1.9 percent after news of a recall of about 139,500 Sonata sedans sold in the U.S. due to problems with the steering wheel that could cause a loss or reduction of control.

Shipbuilders rallied amid strengthening hopes for new orders, analysts said. Daewoo Shipbuilding & Marine Engineering rose 4.7 percent and Samsung Heavy Industries firmed 1.9 percent.

Tech stocks got a boost from a percent gain in U.S. Philadelphia semiconductor index. Hynix Semiconductor, the world's No.2 memory chip maker, rose 1.4 percent..

 

 

<Explantion of the stockmarket>

 

 

Stocks closed higher for a fourth straight week Friday, extending a September rally with huge daily gains fueled by optimism over the future direction of the economy.

 

On Friday, the Dow rose 197.84 points, or 1.9 percent, to close at 10,860.26. For the week, the Dow was up 2.38 percent.