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 Sei-wan, professor of economics at Ewha Womans University.
Professor Kim, good afternoon and thanks for coming on.
The U.S. dollar index continues to fall. Yesterday, the Korean won against the dollar fell to its lowest in one year and seven months. It's now around 11-30. Tell us what's happening with the exchange rate.
The exchange rate could very well keep falling. What do you say, professor, and what impact would a lower rate have on the Korean economy?
Stocks in New York were up and down on Wednesday as investors followed the news about a potential stimulus deal. The three main indices were all down, though, in the end. What's the story in the global markets?
Korean shares quite a bit lower as well. Selling by foreign investors and institutions. What was driving that trade today?
According to the Bank of Korea, foreign currency deposits locally declined in September by more than three billion dollars. They had been rising to new highs for three months in a row in part because of people investing in overseas stocks. Why have deposits declined now?