[Anchor]
Financial markets also fluctuated overnight, with the exchange rate soaring in the wake of President Yoon Suk Yeol's declaration of emergency martial law.
The Korea Exchange will announce the opening of the stock market around 7:30 a.m. today.
I'm connecting you with a reporter from the Ministry of Economy. Reporter Lee Seung Eun!
Please pass it on.
[Reporter]
The won plunged overnight in the aftermath of the Yoon Suk Yeol president's declaration of emergency martial law.
In the Seoul foreign exchange market, the won-dollar exchange rate was traded at 1,425 won as of 2 a.m. today (4th).
The exchange rate, which reached 1,402 won at 3:30 p.m. yesterday, rose quickly on the news of the declaration of emergency martial law, once soaring to 1,446.5 won.
It is the highest level in more than two years since October 2022, when the U.S. Federal Reserve's high-intensity tightening caused the dollar to strengthen.
Since then, the exchange rate has traded with a reduced rise as the National Assembly passed a resolution calling for the lifting of the emergency martial law.
Our stock market's night futures option index also plunged.
The KOSPI 200 night futures options index closed at 325.05, down 1.8% as of 5 a.m. today.
At one point during the day, it plunged by more than 5% and sank to the 310s, but the drop was reduced due to low-priced buying.
Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok held an emergency meeting on macroeconomic and financial issues late at night and said he would mobilize all possible means of stabilizing the market, including unlimited liquidity supply, to cope with market instability factors.
It also said that emergency macroeconomic and financial issues will be held every day to regularize the crisis management system.
The emergency meeting on macroeconomic and financial issues will be held additionally at 7 a.m. this morning, and the Bank of Korea will hold an extraordinary Monetary Policy Committee in the morning.
Although the president said he would lift emergency martial law, the Korea Exchange has yet to decide whether to open the stock market today due to continued political unrest.The
exchange added that it will closely examine the trading trends of overseas products related to our stock market and confirm whether they will operate normally around 7:30 this morning.
I'm Lee Seung Eun of YTN.
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[Phone] 02-398-8585
[Mail] social@ytn.co.kr
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Financial markets also fluctuated overnight, with the exchange rate soaring in the wake of President Yoon Suk Yeol's declaration of emergency martial law.
The Korea Exchange will announce the opening of the stock market around 7:30 a.m. today.
I'm connecting you with a reporter from the Ministry of Economy. Reporter Lee Seung Eun!
Please pass it on.
[Reporter]
The won plunged overnight in the aftermath of the Yoon Suk Yeol president's declaration of emergency martial law.
In the Seoul foreign exchange market, the won-dollar exchange rate was traded at 1,425 won as of 2 a.m. today (4th).
The exchange rate, which reached 1,402 won at 3:30 p.m. yesterday, rose quickly on the news of the declaration of emergency martial law, once soaring to 1,446.5 won.
It is the highest level in more than two years since October 2022, when the U.S. Federal Reserve's high-intensity tightening caused the dollar to strengthen.
Since then, the exchange rate has traded with a reduced rise as the National Assembly passed a resolution calling for the lifting of the emergency martial law.
Our stock market's night futures option index also plunged.
The KOSPI 200 night futures options index closed at 325.05, down 1.8% as of 5 a.m. today.
At one point during the day, it plunged by more than 5% and sank to the 310s, but the drop was reduced due to low-priced buying.
Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok held an emergency meeting on macroeconomic and financial issues late at night and said he would mobilize all possible means of stabilizing the market, including unlimited liquidity supply, to cope with market instability factors.
It also said that emergency macroeconomic and financial issues will be held every day to regularize the crisis management system.
The emergency meeting on macroeconomic and financial issues will be held additionally at 7 a.m. this morning, and the Bank of Korea will hold an extraordinary Monetary Policy Committee in the morning.
Although the president said he would lift emergency martial law, the Korea Exchange has yet to decide whether to open the stock market today due to continued political unrest.The
exchange added that it will closely examine the trading trends of overseas products related to our stock market and confirm whether they will operate normally around 7:30 this morning.
I'm Lee Seung Eun of YTN.
※ '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]
