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, thank you for making time today.
Stocks on Wall Street plunged overnight, led by the big tech stocks. There are also concerns of another wave of the coronavirus in the U.S. What's the story in the global markets?
Korean stocks closed sharply lower today too. The Kosdaq in particular down more than three percent. Tell us about the local markets.
The government's fourth extra budget of the year has been passed in the National Assembly. So from today, there'll be more relief payments to people affected by COVID-19. What do you think will come out of these measures?
This is just the latest in the massive deficit spending by the government in the pandemic. What does that mean in terms of the state's fiscal soundness?
For a third month in a row, dollar deposits in Korea have reached new record highs. The exchange rate has come down a lot. What's happening with the dollar?