We are interested in how our stock market and foreign exchange market will start after the U.S. FOMC results early this morning.Let's connect the site directly and take a look.
This is Hana Bank's dealing room.
There is tension in our market today.
As previously mentioned, the New York Stock Exchange plunged at 4 a.m. Korean time on the news of the U.S. Federal Reserve's hawkish rate cut.
Let's take a look at how our stock market will start. KOSPI is starting at 2,429 points, down 2.26% and KOSDAQ is also starting at 681 points, down 2.3%.
Again, the aftermath of the New York Stock Exchange's plunge is directly affecting our stock market.
And one thing to pay attention to is the exchange rate. The value of the dollar has soared as high interest rates in the U.S. are expected to continue for the time being.
The won-dollar exchange rate immediately rose to the 1,450 won range in the offshore market right after the Fed's announcement, but now our market is also trading at 1,451 won,
We're starting with a whopping 1.12%, 16 won higher.
In addition, the Bank of Japan is also expected to add to the volatility of the Dem Stock Exchange, which will announce its benchmark interest rate this afternoon.
We will give you detailed economic news in the following news.
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