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, thank you for making time today.
We now see Korea posted a current account deficit in April at the height of the pandemic. 3.1 billion dollars, which is the biggest deficit since 2011. Tell us a bit more about that.
Many are expecting us to go back to a current account surplus for May. What do you say, Professor Kim?
Yesterday, Finance Minister Hong Nam-ki said he expects Korea's economy to contract by about 2 percent in the second quarter, but then in the third and fourth quarters to go back to positive territory. What's your expectation?
The rally continues on Wall Street despite all the negative news, like the pandemic and the riots in America. Investors looking to a recovery as economies reopen. Take us through the global markets.
Here in Korea stocks started out strong but the rally fizzled out by the middle of the session. What's the story in the Korean markets?
Alright, Professor Kim.
We'll have to leave it there for today.
Thanks so much for sharing your insights.