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, good afternoon and thank you for coming on today.
The Federal Reserve is holding the year's first meeting of the FOMC, and it's decided to keep interest rates where they are. Jerome Powell saying bond-buying is going to continue and that we'll have ample warning before any tapering or rate hikes begin. Tell us more about the Fed meeting, professor.
Stocks on Wall Street saw a big decline overnight. In seems in part on the Fed talking about the recovery being more modest now. Also the very strange situation with GameStop signaling to some that the market could see a pullback soon. This was the biggest drop on the Dow since October. What's the story in the global markets?
Korean stocks down sharply today too after those moves on Wall Street. All the Korean indices down more than two percent. Tell us about the local markets.
We're seen a recovery in sentiment among Korean companies this month. Firms see improvements in exports and for small and medium-sized businesses with the third wave of COVID-19 slowing down. How's sentiment looking in the various sectors and among bigger and smaller companies?
Foreign investors have been selling shares of Korean financial companies. Some significant declines today for companies like Hana Financial Group, KB Financial Group and so on. What's happening there, professor?