On the 27th, as political uncertainty increased, the won/dollar exchange rate surpassed 1,480 won, and the KOSPI fell below the 2,400 level during trading.
As of 11:07 AM on this day, the won/dollar exchange rate in the Seoul foreign exchange market is trading at 1,483.10 won. The rate started at 1,467.5 won, up 2.7 won from the previous trading day, and exceeded 1,470 won within 15 minutes.
On this day, the KOSPI saw a drop of over 1% intraday, giving up the 2,400 level, amid high exchange rates and political instability.
As of 11:10 AM, the KOSPI is showing 2,391.33, down 1.58% from the previous trading day. It opened 0.42% lower at 2,419.46 and further increased its decline, falling into the 2,390 range.
This is the first time in four trading days since the 20th that the KOSPI index has dropped below the 2,400 level intraday.
At the same time, the KOSDAQ index is recording 666.04, down 1.42% from the previous session.
Meanwhile, the Financial Supervisory Service held a Financial Situation Check Meeting presided over by Vice Governor Lee Se-hoon, and stated, “Given the recent potential market instability due to the rising exchange rate, we plan to continuously identify improvements in foreign exchange supervision in the financial sector to alleviate the burden on exporting companies.”
※ CBS No Cut News strives to change the world with your reports. Please inform us of any stories, including corruption, unfair treatment, incidents, and good deeds.
– Email: jebo@cbs.co.kr
– KakaoTalk: @노컷뉴스
– Website: https://url.kr/b71afn