The won-dollar exchange rate exceeded 1,480 won...KOSPI collapses 2,400

Won-Dollar Exchange Rate Breaks KRW 1,480...The stock market also fell due to the high exchange rate of KRW 20 before the vote on the highest
'impeachment of Han Deok-soo' after the financial crisis...KOSPI collapses 2,400 in four days

[Anchor]
The won-dollar exchange rate rose sharply ahead of the vote on the impeachment of Acting President Han Deok-soo.

After surpassing 1,460 won for the third day, it passed 1,480 won at once today.

Connect reporters to find out more about the news. Reporter Ryu Hwan Hong!

The exchange rate has exceeded 1,480 won?

[Reporter]
Yes, the won-dollar exchange rate, which had been rising rapidly, once exceeded 1,480 won in the morning.

In the Seoul foreign exchange market, the won-dollar exchange rate exceeded 1,460 won immediately after the opening and surpassed 1,470 won shortly after.

Then, in less than two hours, I pierced 1,480 won.

The exchange rate, which has pierced 1,480 won, has risen to 1,486.7 won.

There is a prospect that it can go up to 1,500 won if it goes like this.

This is the first such surge in exchange rates in 15 years and 10 months since March 2009 during the global financial crisis.

After former U.S. President Trump's victory in the presidential election, the won-dollar exchange rate has begun.

Since then, the slope has become steeper after the emergency martial shock, the US FOMC's "hawkish interest rate cut," and the National Assembly's passage of the impeachment bill of President Yoon Suk Yeol.

Today, ahead of the vote on the impeachment of acting President Han Deok-soo, the exchange rate soared by about 20 won per day due to growing uncertainty over the prospects of the political situation.

The market also sees a large influx of speculative forces aiming for foreign exchange gains, encouraging a rise in the exchange rate.

[Anchor]
What's the situation with the stock market?

[Reporter]
The high exchange rate is also bad for our stock market.

The stock market has been falling for two consecutive days since yesterday.

The KOSPI fell below the 2,400 mark during the day.

It is the first time in four trading days that the 2,400-point KOSPI has collapsed in the market since the 20th.

The Kospi opened 0.42 percent lower and the KOSDAQ index also opened 0.2 percent lower.

The decline increased by more than 1% on the news that the exchange rate even surpassed 1,480 won.

In both markets, foreigners and institutions are net selling, and net selling is also growing.

It is a net purchase alone, but it is not enough to prevent the index from falling.

The exchange rate, which has penetrated to 1,480 won, seems to be putting a great psychological burden on the stock market.

I'm YTN's Ryu Hwan Hong.