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 coming on today.
Thank you.
Last Friday we saw a further rebound in U.S. stocks, which broke a seven-week losing streak.
Actually eight weeks for the Dow.
Another down week would've been unprecedented.
On the Nasdaq, the gain was more than 3-point-3 percent.
What's the story in the global markets as we start a new week?
A strong gain in Korean stocks today too.
Both main indices up well over one percent.
LG announcing stock buybacks, sending its share price up more than 9 percent.
The exchange rate settling down considerably now with foreign investors coming back in
a big way.
Tell us about the domestic market, Professor.
This week, we're due to get data
on
interest rates at Korean financial institutions.
Interesting to see what they're doing with the rate hikes.
Also data on Korean industries, who on
the one hand
have the pandemic
winding down, but now supply chains wrecked by the war in Ukraine.
A jobs report in the U.S. too.
What's on your radar
in the week ahead?