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In-depth: Global market wrap-up Updated: 2021-12-06 13:54:36 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, good afternoon. Thank you for coming on today.

Thank you.

Let's start with some headlines from Wall Street, where the Chinese ride-hailing service Didi has had to cave to pressure from the authorities in Beijing, and will withdraw from the New York Stock Exchange and list in Hong Kong instead. It's a sign for investors that the capital markets of China and the U.S. continue to decouple. What do you make of the situation?

Stocks in New York were down again on Friday. The jobs report for November coming in lower than hoped, plus fears that the pandemic could cause economic activity to contract again. Another hit to travel-related shares. What's the story in the global markets as we start a new week?

Today in Korea, stocks were mixed. The benchmark KOSPI starting the session lower, but ending with a gain. The KOSDAQ lower, though, with some pretty big declines for the top ten companies on that index. Tell us about the domestic market.

Looking ahead, professor, this week we'll have a report on the local economy from the Korea Development Institute. Also from the Bank of Korea, key numbers on trade, where we'll see to what extent Korea is able to hold onto the surplus it's had. What's on your radar, professor, in the week ahead?

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