It's time now for an in-depth look at the global markets on this Friday.
And for that, I'm joined on the line by Dr. Kim Sei-wan, professor of economics at Ewha Womans University.
Dr. Kim, thank you as always for coming on.
We've recently seen Korean retail investors taking massive losses on derivative products connected to bonds in other countries like the UK, the U.S. and Germany. It seems they thought they were buying the actual bonds from those countries. Now the Financial Supervisory Service is investigating. What happened here and what is the FSS looking for?
In the U.S., President Trump has said he's going to help Apple, which has apparently been hurt by America's trade war with China. Apple's Tim Cook saying the tariffs have actually helped Samsung. What is it that Time Cook thinks is unfair about this, and by saying it, what do you think they intend to do?
At the same time, Trump didn't say how he's going to help Apple. What kind of measure might Trump take, and if he does, how would it affect Samsung?
We've now seen the yield on the U.S. 10 year Treasury fall below that of the 2 year. A sign, historically of a recession on the horizon. Why has this happened? And why is this situation persisting?
On Friday, Fed Chairman Jerome Powell will be giving a highly anticipated speech in Jackson Hole, Wyoming. Korea time, that'll be around 11 PM tonight. Globally, markets are watching to see what he'll announce that'll affect currencies, for example. What should we be looking for?
Alright, Dr. Kim. We will be watching.
Thanks so much for coming on today and sharing your insights.