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. Thanks for making time today.
Let's start with earnings from Samsung. It's had its best quarter on record. Operating profit up 45 percent. And it says says it's looking to a rebound in its chip business in the second quarter. Tell us a little more about earnings at Samsung and what the next quarter might bring.
In the U.S., the Federal Reserve has decided to keep interest rates where they are, near zero. It's been over a year now since rates were cut at the start of the pandemic. Tell us about the Fed's latest decision.
Turning to the markets, stocks in New York closed a little lower on Wednesday despite the Fed keeping rates low. This time it was the Dow falling the most, by about half a percent. What's the story in the global markets?
Korean stocks today were up and down during the session, but in the end we were lower across the board. The KOSPI slipping further below that 32-hundre point mark, and the KOSDAQ again under a thousand points. Tell us about the local market.
Let's talk about commodities for a minute, professor. Oil prices are up a little bit with U.S. inventories rising a little less than expected. The price of gold coming down a little bit. So tell us what's happening in terms of gold and oil, and your outlook.