Time now for an in-depth look at the market news this afternoon.
And for that, I'm joined on the line by Mr. Daniel Yoo, global strategist at Yuanta Securities.
Mr. Yoo, thank you for making time today.
U.S. stocks of course have seen this V-shaped recovery since the March low. They were mixed on Monday, but that closed out the best month for the Nasdaq since the year 2000, and for the S&P and the Dow, the best August since the 1980s. Tell us about the global markets.
The Kospi and the Kosdaq both higher today thanks to buying by individual investors. What's happening in the Korean markets, and your outlook for the days ahead?
Korea's economy in the second quarter shrank by 3.2 percent according to the latest revised figures from the BOK. This is the worst performance in that regard since the financial crisis. Tell us about that and what it says about the Korean economy?