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, thank you for coming on today.
Data now show that Korea's current account posted a surplus for June for the second month at a row. The surplus is however the smallest since 2012. Tell us a bit more about the figures and what you make of them.
Korean carmarkers are still going through a rough time because of a decline in exports. Combined last month their sales domestically and overseas were down 9.2 percent. What's your outlook on the auto industry.
Stocks on Wall Street closed higher yet again on Wednesday. The Nasdaq surging to an all-time high for a third day in a row. What's the story in the global markets?
Korean stocks surging ahead too. The KOSPI closed yesterday at almost a two-year high, and then today added another 1.3 percent. Tell us about the local markets.
We're seeing a dramatic decline in the dollar index as the coronavirus continues to spread in the U.S. and the Fed keeps up its stimulus. The Korean won has come down quite a bit against the dollar in the past few weeks. What do you see happening with the exchange rate?