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

Exchange Rate Breaks KRW 1,480 Due to 'Jungkook Anxiety'...Prior to the vote on the 'impeachment of Han Deok-soo' for the first time since the financial crisis, the exchange rate soared by KRW 20 to KRW
and the stock market fell due to the high exchange rate...KOSPI falls 2,400 during intraday session

[Anchor]
The won-dollar exchange rate rose sharply as political unrest grew, with the ruling and opposition parties intensifying over the passage of acting President Han Deok-soo's impeachment bill to the National Assembly.

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

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

What is the current exchange rate?

[Reporter]
It's currently in the 1,470 won range.

The won-dollar exchange rate, which had been rising at a breakneck pace, 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.

Some even predicted that the exchange rate could reach 1,500 won today.

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, the exchange rate soared by about 20 won a day due to growing political instability, with the confrontation between the ruling and opposition parties intensifying ahead of the passage of the impeachment bill by Acting President Han Deok-soo at the National Assembly.

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

[Anchor]
The stock market also closed lower, right?

[Reporter]
The high exchange rate also served as a negative factor for our stock market.

The KOSPI and KOSDAQ indexes fell for the second day in a row.

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

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

The KOSPI has since recovered from its fall to close 1.02 percent lower at 2,404.77.

The tech-heavy KOSDAQ index closed 1.43 percent lower at 665.97.

The news that the exchange rate exceeded 1,480 won led to a sharp decline in both the KOSPI and KOSDAQ indexes.

Foreigners and institutions were net sellers in both the securities and KOSDAQ markets.

I made a net purchase alone, but it was not enough to prevent the index from falling.

The exchange rate, which has pierced up to 1,480 won, seems to have put a psychological burden on the stock market.

I'm YTN's Ryu Hwan Hong.