KOSPI, New Year's First Trading Closes Down...The exchange rate is "pulling".

Our stock market topic this year is 'uncertainty'
KOSPI fails to recover to 2,400 level even in first trading of new year
The outlook for domestic demand and exports this year is dark...Stock prices and won are on the declineFinancial market volatility if political situation is not settled quickly ↑

[Anchor]
The KOSPI failed to recover to the 2,400-point level even in the first trading of the new year yesterday (2nd).

The won-dollar exchange rate, which has risen breathlessly so far, has slowed down, but the outlook is not easy.

I'm reporter Lee Hyungwon.

[Reporter]
The topic of our stock market, which opened in the New Year, is 'uncertainty'.

This is because it is impossible to predict how far the aftermath of the Trump administration's national priority, which is about to be launched, will reach amid continued political and economic instability due to the prolonged impeachment process.

[Kim Byung-hwan / Chairman of the Financial Services Commission: As the uncertainty and volatility of the market continue, we will do our best to stabilize the market without letting go of the tension.]

Amid the gray outlook, the KOSPI failed to rebound even on New Year's Day.

It closed without recovering to the 2,400-point level due to foreign and institutional selling.

However, the KOSDAQ closed at 1% for the second consecutive trading day.

Although the low-priced buying resulted in individuals, foreign investors remained aloof.

This is because we don't think our economy will be comfortable with both domestic and export this year.

Because of this, the prevailing expectation is that not only stock prices but also won prices will continue to decline.

Bank of Korea Governor Lee Chang-yong expressed high expectations for stabilizing the exchange rate, but the market is weighing in on a "high-flying march."The slowdown in the

won-dollar exchange rate to the 1,460 won range is just a moment's catch.

[Seo Jeong-hoon / Senior Researcher at Hana Bank] With political uncertainty continuing to exist, concerns that could spread to the economy are now being highlighted. (So) 1,500 won seems to be open enough.]

If the situation where even foreign credibility is threatened by the martial law aftermath is not resolved quickly, stock prices and exchange rate volatility will inevitably increase.

I'm Lee Hyungwon of YTN.

Reporter for shooting
: Lee Dong-gyu Kang Young-kwan