Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Professor Kim, thank you for coming on today.
Stocks on Wall Street were mixed overnight investors both hoping for a fast economic recovery, but also worried about a second wave of the pandemic.
What's the story in the global markets?
Fed Chairman Jerome Powell, testifying to Congress on Wednesday, said that the economic support for America's workers and businesses should not end too soon or it could jeopardize the recovery. What do you make of his comment?
It was another up-and-down session in the Korean markets, starting out sharply lower, but recovering some of that. The Kosdaq actually posted a gain. Tell us about the Korean markets today.
Oil prices have been declining this week amid a bigger than expected increase in supply. Tell us about that and your outlook for oil.
The International Institute for Management Development released its rankings this week of countries in terms of global competitiveness. Korea rose in the rankings by the most in 20 years it's now 23rd place, up from 28th. How much do you think it's response to the pandemic figured into that ranking and what else stands out to you here?