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In-depth: Global market wrap-up Updated: 2021-05-03 13:42:12 KST

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, thank you for coming on today.

Thank you.

Stocks last Friday on Wall Street closed lower despite strong earnings coming out. Apple was one of those that closed lower despite good earnings. The Dow off half a percent and the Nasdaq by about point-8 percent. Tell us about that and what you see in the week ahead.

Korean stocks a little lower today too. Big story today is that short-selling is partially allowed in Korea again, having been banned since the start of the pandemic. That's been talked about as a risk, but many saying it's not really going to have much of an effect. Tell us about the local market and if you want to address that issue as well.

From next year, the Korean government will be levying capital gains taxes on cryptocurrency transactions, for better or worse. There will inevitably be some issues to work out. If you could, professor, talk a bit about what those issues might be and what you make of the situation.

We'll be getting data on Korea's international balance of payments this week from the Bank of Korea, looking to see what the trade balance looks like for March. What's on your radar in the days ahead, Professor?

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