KRW, Stock Prices Fall Together Due to Bad News from Trump

[Anchor]
The exchange rate between the won and the dollar soared to 1,410 won, creating a new point of connection.

The stock market is down again today.

I'll connect you to a reporter for more information.

Reporter Lee Hyung-won, both the won and the stock price are on the decline, right?

[Reporter]
The won-dollar exchange rate has soared terrifyingly.

It started at 1,410 won, up 6.5 won from yesterday, and exceeded 1,411 won during the day.

The highest level since November 7th last year's intraday of 1,413 won,
We have replaced the existing connection point that was KRW 1,409.9


After repeatedly going up and down, it was traded at 1,406.6 won as of 3:30 p.m.

Our stock prices also continued to decline.

The KOSPI closed at 2,417.08, down 2.64% from yesterday.

Due to the plunge, the overall market capitalization also fell below KRW 2,000 trillion.

Samsung Electronics, the No. 1 market capitalization, plunged more than 4% to 50,600 won, pulling down the entire index to a new 52-week low.

KOSDAQ also closed down nearly 3% to 689.65.

It is the first time in two months that the KOSDAQ has fallen below 700 since September.

[Anchor]
Why is the won price and stock price faltering like this?

[Reporter]
The aftermath of former U.S. President Trump's successful return to power is analyzed to have hit the financial market.

The dollar continues to strengthen as trade disputes and inflation concerns grow due to its own priority.

In particular, if the US-China conflict intensifies, our exports will inevitably be hit.

Experts believe that such anxiety is fueling the won's price and stock price to fall.

On top of that, the "Trump Trade," in which funds are concentrated on assets that are expected to benefit from Trump's administration, is also considered a negative factor.

As investors flock to dollars, U.S. stocks, and virtual assets, the won and our stock market are reeling.

As a result, some predict that the Trump administration will try to rebound only when uncertainty is resolved to some extent after the official inauguration of the Trump administration in January next year.

So far, I'm Lee Hyungwon of YTN on the Korea Exchange.