The stock market rose for the second day...The exchange rate is likely to rise to 1,450 won.

[Anchor]
Our stock market continued to rise for two consecutive days after the 'Geom Shock'.

However, the exchange rate is still unstable.The won-dollar exchange rate, which was around 1,400 won before

's martial shock', is moving around 1,430 won, and there is a prospect that the possibility of rising to 1,450 won should be left open.

Reporter Ryu Hwan-hong reports.

[Reporter]
The 'emergency martial law' incident and the political unrest that followed led to an individual dumping turn to net buying, and our stock market rose for two days.

The Kospi gained 1.02 percent to recover to the 2,440 level, and the tech-heavy KOSDAQ index gained 2.17 percent to regain the 670 level.

The stock market has calmed down like this, but the won-dollar exchange rate has fluctuated in the 1,430 won range and has not been able to come down easily.

After former U.S. President Trump's victory in the presidential election, the strong dollar phenomenon appeared, and the exchange rate, which rose to the 1,400 won level, soared by more than 30 won amid political shock.

Even in the past, the exchange rate fluctuation was 48.1 won during the impeachment and judgment of former President Roh Moo Hyun, and the fluctuation was 97.7 won during the former President Park Geun Hye.

Since the exchange rate was particularly sensitive to political variables, the foreign exchange authorities say that they cannot predict the top of the exchange rate fluctuations if the current political instability continues.

In a meeting with opposition lawmakers from the National Assembly's Strategy and Finance Committee, Bank of Korea Governor Lee Chang-yong said it would be difficult for the exchange rate, which has risen sharply since the martial law crisis, to return to its previous level for the time being.

The market predicts that if political unrest continues, the possibility of rising to 1,450 won should be left open.

[Seo Jung-hoon / Senior Researcher at Hana Bank: With the launch of the second Trump system, the impact of uncertainty in the domestic political situation is expected to reach the 1,450 won level by the second quarter of next year]

The high exchange rate is emerging as the biggest variable in the Korean economy, which is weakening its growth engine as it can crush the already difficult domestic economy by causing higher gas prices, logistics costs, and import prices.

I'm YTN's Ryu Hwan Hong.