Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Dr. Yang Jun-sok, Professor of Economics at The Catholic University of Korea.
Professor Yang, good afternoon. Thanks for making time today.
Stocks on Wall Street last Friday, July 1st, started the second half of the year with a gain despite all the concerns about the economy. But for the week, all three main indices were down. It seems investors were looking for some bargains last Friday. What's the story in the global markets as we start a new week?
Korean stocks started out higher today, perhaps with a boost from the U.S., but quickly were into negative territory. Some of the bigger names were a mix with Samsung and SK hynix gaining back a little ground. Among the worst hit were construction shares. Tell us about the domestic market.
This week, we'll be getting data on the economy from Bank of Korea related to expenditures by households, companies and the government. The Korea Development Institute will also have its July report. What's on your radar in the week ahead?