The bad news from the U.S. is "stumbling"...KOSPI 'collapses' above 2,400 during the day

[Anchor]
Another bad news hit our financial market, which has been stuck in a downtrend since former U.S. President Trump succeeded in regaining power.

Federal Reserve Chairman Jerome Powell indicated his intention to adjust the pace of the base rate cut.

Amid a series of unfavorable factors from the U.S., the KOSPI once gave up the 2,400 mark in the morning.

I'll connect you to a reporter for more information. Reporter Lee Hyungwon!

Let's look at the exchange rate and our stock market situation first.

[Reporter]
The dark clouds in our stock market are not clearing up. Today, the KOSPI started at 2,413.05, down 0.24% and fell below the 2,400 mark at one point in the morning.

It is the first time that the KOSPI has given up the 2,400-point level since "Black Monday" in August. Currently, it is moving from the early 2400s by reducing the fall.

However, Samsung Electronics, which fell to 40,000 Electronics, recovered to the 50,000 won level due to the influx of low-priced purchases.

As of this time, it has soared more than 6% and is over 53,000 won.

The KOSDAQ started lower at 675.64, down 0.87%.

Now, it's been going up and down in the 670s.

The exchange rate seems to stick to the 1,400 won range.

Today, the won-dollar exchange rate started well over 1,400 won.

It opened at 1,408 won, up 2.9 won from yesterday.

Currently, it has calmed down a bit and is going up and down around 1402 won.

As the exchange rate did not fall below the psychological Maginot line of 1,400 won, the foreign exchange authorities even intervened verbally yesterday.

It has sent a message that it will take market stabilization measures if the exchange rate instability continues, but it has not yet been effective.

[Anchor]
Why is that when the won and our stock market continue to lose steam?

[Reporter]
This is because former U.S. President Trump, who is about to return to power, is advocating national priority.

As trade disputes and concerns over high prices grow, the dollar is strengthening. On top of that, Powell's bad news overlapped.

Overnight, Jerome Powell, chairman of the Federal Reserve, expressed his intention to adjust the pace of the base rate cut, giving a boost to the strong dollar.

Powell said there is a high possibility that interest rates should be lowered slowly and carefully, fearing inflation.The New York Stock Exchange also closed lower as concerns grew that interest rate cuts in

would be put on hold.

It is analyzed that the Korean won and stock prices are falling due to this aftermath hitting our financial market.

So far, I'm Lee Hyungwon of YTN on the Korea Exchange.