In-depth: Global market wrap-up

증시 대담

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, thank you for making time today.
Thank you.
Korean stocks today were down over 5 percent. On Wall Street, the Dow closed last Friday down another 4-and-a-half and is looking at a sharply lower open on Monday. What's the story in the global stock markets today?
Two months into the outbreak in Korea, the country's top 100 listed companies in terms of market cap have seen a third of their value disappear. In the equity markets worldwide, the figure is in the tens of trillions of dollars. What does that mean for the global economy?
The U.S. and Korea last week initiated a new currency swap deal. That seemed to give a quick boost to the won, but if you look today, it's right back down again. What's the swap designed to do, and is it working?
Alright, Professor Yang.
Thanks so much for coming on today.
We appreciate it.

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