[Anchor]
The won-dollar exchange rate has continued to rise, exceeding 1,460 won at one point, due to political instability following martial law and impeachment and unstable factors at home and abroad, including hawkish interest rate cuts by the U.S. FOMC.
Our stock market, which rose in a good mood after a long time before Christmas, is also mixed today.
Connect reporters to find out more about the news. Reporter Ryu Hwan Hong!
How is the exchange rate movement today?
[Reporter]
At the Seoul foreign exchange market, the won-dollar exchange rate opened at 1,455.2 won.
The foreign exchange bank's trading base rate started at 1,453.6 won, which is a little higher than this.
The won-dollar exchange rate has continued to rise since then, soaring to 1,459.9 won.
Market officials are paying keen attention to whether it will surpass 1,460 won again during the day.The exchange rate of
won-dollar exceeded 1,440 won immediately after the emergency martial law crisis on the 3rd and 1,450 won after the US FOMC's decision to cut interest rates early on the 19th.
Yesterday, the Democratic Party of Korea once exceeded 1,460 won as news spread that it would propose an impeachment motion if Acting President Han Deok-soo did not appoint a constitutional judge by today.
The market predicts that the volatility of the won-dollar exchange rate will increase for the time being due to domestic and foreign instability factors.
Some predict that it could rise to the 1,500 won range, and that this high exchange rate trend will continue until the first half of next year.
[Anchor]
How's the stock market moving today?
[Reporter]
Both the KOSPI and KOSDAQ indexes started higher, but they have been mixed, falling in early trading and rising again.
The KOSPI rose 0.37 percent to 2,449.52, while the tech-heavy KOSDAQ opened 0.6% higher at 684.21, but has not been able to expand strongly since then.
The KOSDAQ index also collapsed around 680 during the day.
On the eve of Christmas, the U.S. New York Stock Exchange showed a so-called "Santa Rally" in which all three major indexes rose, but our stock market has not shown a strong rise.
In both the securities and KOSDAQ markets, individuals are net buyers, and foreigners and institutions are net sellers.
Foreigners and institutions are selling net together, preventing the index from rising.
I'm YTN's Ryu Hwan Hong.
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