KOSPI and KOSDAQ Down More Than 1%...The exchange rate is 1,410 won.

[Anchor]
Our financial market is also shocked as the political situation fluctuates due to the declaration of an emergency martial law.

The won-dollar exchange rate, which soared to 1,446 won overnight, calmed down somewhat, but our stock market fell all at once.

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

Reporter Ryu Hwan-hong, can you tell me the current exchange rate and stock market situation?

[Reporter]
Yes, the won-dollar exchange rate, which soared to 1,446 won overnight, has now fallen to 1,410 won.

It's better compared to the 1,446 won rise, but it's still high.

It's changing rapidly even when it's on air.

On the stock market, both the KOSPI and KOSDAQ indexes fell all at once.

The Kospi opened 1.97 percent lower at 2,450.76 and the tech-heavy KOSDAQ index opened 1.91 percent lower at 677.59.

Even now, it has not stopped falling.

Foreigners sold net in the KOSPI market and individuals sold net in the KOSDAQ market.

Our financial market was also shocked as the political situation fluctuated due to the declaration of an emergency martial law overnight.

The financial authorities held two meetings on macroeconomic and financial issues, the so-called F4 meetings, last night and this morning.

After the meeting, Kim Byung-hwan, chairman of the Financial Services Commission, said he would prepare market safety measures, including a stock market stabilization fund worth 10 trillion won, to operate immediately at any time.

It also said it will maintain stability by running 40 trillion won worth of bond market stabilization funds, corporate bonds and CP purchase programs as much as possible.

Deputy Prime Minister for Economic Affairs Choi Sang-mok also said he would supply unlimited liquidity until stocks and bonds, short-term funds and foreign currency funds markets fully normalize for the time being.

The four major financial groups also held their own emergency meetings to check exchange rates and foreign currency liquidity, and to discuss measures to prepare for increased volatility in financial markets.

I'm YTN's Ryu Hwan Hong.