KOSPI Collapses Around 2,500...Bitcoin Is At An All-Time High

[Anchor]
Despite the so-called "Trump Rally" on the New York Stock Exchange last night, the KOSPI fell for the third day, breaking even the 2,500-point level.

As Bitcoin hit an all-time high every day, the amount of virtual asset transactions overtook the amount of stock market transactions.

I'll connect you with a reporter to find out more about the news.

Reporter Ryu Hwan-hong, What's the reason for the KOSPI and KOSDAQ indexes falling together?

[Reporter]
It can be seen as a large influence of foreign selling.

The KOSPI fell for the third day in a row as foreigners net sold for three consecutive days.

The KOSPI fell 1.94 percent to close at 2,482 at 9:45 a.m. as the decline deepened after falling below the 2,500-point mark.

Foreigners and institutions made net sales together, and individuals made net purchases alone.

Samsung Electronics hit a new 52-week low, and SK Hynix also fell for a second day.

Shipbuilding stocks, which were considered Trump beneficiaries, also fell.

On the other hand, secondary battery stocks rose.

The tech-heavy KOSDAQ index also started lower by 0.02 percent and increased its intraday decline to close 2.51 percent lower at 710.52.

Market experts say that despite the so-called "Trump Rally" in the U.S. stock market, our stock market is marginalized, and that the slump in our stock market will continue until early next year.

An expert predicted that Trump's pledge to raise tariffs is expected to worsen the profitability of Korean exporters, and that uncertainty will be resolved only when policies become visible after Trump's inauguration.

It is predicted that it will be difficult to expect a turnaround in the atmosphere of our stock market until at least the first quarter of next year.

The won-dollar exchange rate has exceeded 1,400 won again.

At the Seoul foreign exchange market, the won-dollar exchange rate rose to 1,404 won as of 3:41 a.m. after rising back above 1,400 won at around 9:12 a.m.The

won-dollar exchange rate has been soaring around 1,400 won after surpassing 1,400 won on the 6th due to former U.S. President Trump's victory in the presidential election.

The market analyzes that the falling value of the yuan due to Trump's high tariff pledge against China also affects the depreciation of the won.

[Anchor]
The transaction amount of virtual assets has surpassed the transaction amount of the stock market, and this may have an effect, right?

[Reporter]
Yes, market experts believe that the increase in the transaction amount of virtual assets is also adversely affecting the supply and demand of our stock market.

As Bitcoin prices have recently hit record highs, funds from the stock market exodus are heading into the virtual asset market.

As of yesterday, the volume of trading in the virtual asset market surpassed the securities market and the KOSDAQ market.

According to CoinMarketCap, a virtual asset information site, the total daily transaction value of Korea's five largest virtual asset exchanges reached 21.5823 trillion won yesterday.

It was more than 3 trillion won more than 18.213 trillion won in transactions in the securities and KOSDAQ markets.

Of course, unlike the stock market, which is only traded from 9 a.m. to 3:30 p.m. on weekdays, the virtual asset market is open 24 hours a day throughout the year.

This is because the market price of virtual assets soared after former President Trump, a supporter of virtual assets, won the presidential election.

The price of Dogecoin, pushed by Bitcoin supporter Trump and Elon Musk, who supported him, is breaking year-round highs day after day.

Market experts said that the virtual asset market is currently showing signs of overheating, such as "don't ask" investment, and urged new investors to approach it carefully.