Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you for coming on today.
Stocks on Wall Street overnight closed higher as more good news comes out about vaccine trials. The Dow was up more than 1 percent. What was the story on Wall Street?
Yesterday the KOSPI crossed over 26-hundred points, and today it's up again for the fifth session in a row. Another all time high. What's your analysis of the local market?
Korea has been taking on more and more debt, and that's true for the government, corporation and households. Household debt is at a record high, and grew in the third quarter by the most since April 2016. Why is debt rising so fast and what is the significance of this in your view?