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 the Catholic University of Korea.
Professor Kim, good afternoon, and thank you for coming on.
Samsung Electronics has reported sales for the third quarter of around 67 trillion won, or about 60 billion dollars, which is a record. Operating profit also rose to a two-year high. What's behind this boom in sales?
It was a great third quarter, but Samsung is saying that profits in the fourth quarter won't be as good because of falling demand. What do you see happening in Q4?
Stocks on Wall Street plunged overnight by the most since June because of the coronavirus spreading, Europe tightening its restrictions, and the lack of a deal on new stimulus. What's happening in global stocks?
In Seoul, the KOSPI was down today by more than one percent. Interestingly the KOSDAQ was not, again recovering from losses earlier this week. What's the story in the Korean markets?
The IMF is warning of asset prices rising far beyond maybe what might be appropriate considering the state of the economy. Also warning of uncertainty the longer the pandemic goes on. Tell us about these warnings from the IMF.