Won-Dollar Exchange Rate Surges Amid 'Trump Trade' Phenomenon
"Temporary Exceeds KRW 1,400 Exchange Rate When Trump is Elected"
KOSPI 0.52% and KOSDAQ index 1.13% ↓ due to Trump's dominance
"Temporary Exceeds KRW 1,400 Exchange Rate When Trump is Elected"
KOSPI 0.52% and KOSDAQ index 1.13% ↓ due to Trump's dominance
[Anchor]
The domestic financial market fluctuated due to the Trump shock wave.The exchange rate of
won-dollar rose to below 1,400 won at one point, fluctuating about 25 won for a day, and both the KOSPI and KOSDAQ indexes fell.
Reporter Ryu Hwan-hong reports.
[Reporter]
The won-dollar exchange rate, which started to fall by 4.6 won, has reversed its upward trend since news of the U.S. presidential election was released.
The exchange rate, which had fallen to 1,375.1 won on media reports that Republican candidate Trump had the upper hand, began to rise sharply and reached 1,399.7 won at 12:03 a.m.
Since then, it has slowed down and traded in the KRW 1,390 range, but the daily fluctuation reached KRW 25.
With candidate Trump's election, the "Trump Trade" has emerged, which expects the dollar to strengthen following his tariff pledge.
[Seo Jeong-hoon / Senior Researcher at Hana Bank: Imposing universal general tariffs on most countries and also imposing 60% tariffs on China will likely trigger inflation again in the U.S., which will slow the Fed's rate cut overall or, in some cases, cause a strong dollar...]
The market predicts that the won-dollar exchange rate will temporarily exceed 1,400 won due to Trump's election.
In our stock market, the KOSPI and KOSDAQ indexes fell together on the news of Trump's election.
Foreigners were net sellers on both the KOSPI and KOSDAQ markets, sending the KOSPI down 0.52 percent and the KOSDAQ index down 1.13 percent.
As the U.S.-China trade dispute is rekindled due to Trump's election, concerns are believed to have played a role in the damage to our stock market.
On the other hand, Bitcoin, a representative virtual asset, reached a new all-time high, exceeding $74,000 on the news of Trump's election.
I'm YTN's Ryu Hwan Hong.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
The domestic financial market fluctuated due to the Trump shock wave.The exchange rate of
won-dollar rose to below 1,400 won at one point, fluctuating about 25 won for a day, and both the KOSPI and KOSDAQ indexes fell.
Reporter Ryu Hwan-hong reports.
[Reporter]
The won-dollar exchange rate, which started to fall by 4.6 won, has reversed its upward trend since news of the U.S. presidential election was released.
The exchange rate, which had fallen to 1,375.1 won on media reports that Republican candidate Trump had the upper hand, began to rise sharply and reached 1,399.7 won at 12:03 a.m.
Since then, it has slowed down and traded in the KRW 1,390 range, but the daily fluctuation reached KRW 25.
With candidate Trump's election, the "Trump Trade" has emerged, which expects the dollar to strengthen following his tariff pledge.
[Seo Jeong-hoon / Senior Researcher at Hana Bank: Imposing universal general tariffs on most countries and also imposing 60% tariffs on China will likely trigger inflation again in the U.S., which will slow the Fed's rate cut overall or, in some cases, cause a strong dollar...]
The market predicts that the won-dollar exchange rate will temporarily exceed 1,400 won due to Trump's election.
In our stock market, the KOSPI and KOSDAQ indexes fell together on the news of Trump's election.
Foreigners were net sellers on both the KOSPI and KOSDAQ markets, sending the KOSPI down 0.52 percent and the KOSDAQ index down 1.13 percent.
As the U.S.-China trade dispute is rekindled due to Trump's election, concerns are believed to have played a role in the damage to our stock market.
On the other hand, Bitcoin, a representative virtual asset, reached a new all-time high, exceeding $74,000 on the news of Trump's election.
I'm YTN's Ryu Hwan Hong.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
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