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, thanks for making time. Good to have you back on.
The global shortage of semiconductors has prompted a response from the White House. They'll be holding a meeting with industry leaders tonight, Korea time. Samsung will be taking part, actually, but that could put Korea in a difficult position considering America's tensions with China. Tell us about this semiconductor summit, professor.
Stocks in New York ended last week with a nice gain with the Fed reaffirming that it's sticking to its monetary easing policy. The S&P and the Dow both closing at record highs. Tell us what's happening in the global markets and what you see ahead this week.
Korean stocks today were up and down, but strength in tech shares led to a nice gain for the KOSDAQ. The KOSPI more subdued. Tell us about the local markets.
We'll have a lot of data coming out this week on the Korean economy, including jobs data and on the financial markets from the Bank of Korea. What's on your radar in the week ahead?