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 Seiwan, professor of economics at Ewha Womans University.
Professor Kim, good afternoon and thank you for coming on.
The Bank of Korea has decided to keep its key interest rate where it is at half a percent. It's also lowered its GDP growth forecast for this year. Tell us about today's meeting at the BOK.
In the second quarter of this year, Korea's total fertility rate fell to the lowest level on record. Also there were more deaths than births. That presents some concerns, of course, about Korea's future economic growth. What's your view of this issue, Professor?
Tonight, Korea time, central bankers and economists from around the world will join a meeting that would've been in Jackson Hole, Wyoming but will instead be held virtually this year. Jerome Powell will be giving a highly anticipated speech there. What should we be watching for here?
Stocks in New York are up again and by quite a bit. The S&P and the Nasdaq at new highs. What's the story in the global markets?
It's another story here in Korea today. The KOSPI and the KOSDAQ both lower. Is that the fear of a lockdown in Korea, or what was driving that trade?