Time now for an in-depth look at the market news on this Friday.
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.
Oil prices were up overnight by a record-breaking amount about 25 percent. President Trump is talking about a huge cut in oil production, and Saudia Arabia wants to sit down with Russia and other OPEC countries to settle this price war. What do you make of this?
This move in oil prices seems to have sent stocks higher in the U.S. and Europe. Not here in Asia today, though. What's happening in the stock markets?
Because of the economic impact of the coronavirus, credit ratings agencies like Moodys and S&P are downgrading or looking at downgrading their ratings for dozens of major Korean companies. What this mean for these companies?