Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined by Dr. Song Soo-young, professor of finance at Chung-Ang University.
Professor Song, thank you for coming on, as always.
In today's emergency economic council, the government announced measures to support industries including tourism, broadcasting, film, and so on. This is worth about 340 million dollars. How much do you think this is going to help?
The Federal Reserve has announced a new mechanism that'll enable the central banks of other countries to swap their U.S. government bonds for dollars. This is known as the FIMA Repo Facility. In what ways will this affect the global economy and Korea?
Stocks on Wall Street were down overnight the Dow by 1.8-4 percent. It's now the Dow's worst quarter since 1987. What's the story in the global markets today?
Alright, Professor Song.
Thanks so much for sharing your insights today.