[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.
Although emergency martial law has been lifted, the Korea Exchange will announce the opening of the stock market at around 7:30 a.m. today, with shock waves expected to continue on the stock market.
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 declaration of the emergency martial law.
In the Seoul foreign exchange market, the won-dollar exchange rate closed 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, quickly rose to the declaration of emergency martial law, soaring to 1,446.5 won at one point.
It is the highest level in more than two years since October 2022, when the dollar was super strong.
Since then, the exchange rate has been reduced 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, reducing its fall.
The KOSPI 200 overnight futures options index plunged more than 5% at one point after midnight but closed 1.8% lower as of 5 a.m.
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.
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.
With shockwaves expected to remain, the Korea Exchange has not decided whether to open the stock market or not.
He added that he will closely examine the trading trends of overseas products related to our stock market and confirm whether the stock market will open around 7:30 this morning.
I'm Lee Seung Eun of YTN.
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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.
Although emergency martial law has been lifted, the Korea Exchange will announce the opening of the stock market at around 7:30 a.m. today, with shock waves expected to continue on the stock market.
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 declaration of the emergency martial law.
In the Seoul foreign exchange market, the won-dollar exchange rate closed 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, quickly rose to the declaration of emergency martial law, soaring to 1,446.5 won at one point.
It is the highest level in more than two years since October 2022, when the dollar was super strong.
Since then, the exchange rate has been reduced 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, reducing its fall.
The KOSPI 200 overnight futures options index plunged more than 5% at one point after midnight but closed 1.8% lower as of 5 a.m.
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.
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.
With shockwaves expected to remain, the Korea Exchange has not decided whether to open the stock market or not.
He added that he will closely examine the trading trends of overseas products related to our stock market and confirm whether the stock market will open 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]
