Foreign exchange market fluctuates due to Trump shock wave...Exchange Rate Exceeds 1,400 Won

The won-dollar exchange rate surpassed 1,400 won for the first time in about seven months

"The won-dollar exchange rate may rise to 1,420 won within the year"

The KOSPI was 0.52% due to Trump's dominance and the KOSDAQ index was 1.13% ↓

Bitcoin Breaks $74K, Hits All-Time High

[Anchor]
The domestic financial market fluctuated due to the Trump shock wave.

The won-dollar exchange rate surpassed 1,400 won for the first time in about seven months, and both the KOSPI and KOSDAQ indexes fell.

Reporter Ryu Hwan-hong reports.

[Reporter]
The won-dollar exchange rate, which had been rising since the beginning of the vote count, surpassed 1,400 won in about seven months since April 16 at around 8:20 p.m.

Demand for the dollar soared as candidate Trump's election was expected to strengthen the dollar following his tariff pledge.

[Seo Jeong-hoon / Senior Researcher at Hana Bank: Imposing universal general tariffs on most countries and also imposing 60% tariffs on China will likely trigger inflation again in the U.S., which will slow the Fed's rate cut overall or, in some cases, cause a strong dollar....]

The market also predicted that the won-dollar exchange rate would rise to 1,420 won within this year due to Trump's election.

In our stock market, the KOSPI and KOSDAQ indexes fell together on the news of Trump's election.

Foreigners were net sellers on both the KOSPI and KOSDAQ markets, sending the KOSPI down 0.52 percent and the KOSDAQ index down 1.13 percent.

As the U.S.-China trade dispute is rekindled due to Trump's election, concerns are believed to have played a role in the damage to our stock market.

On the other hand, Bitcoin, a representative virtual asset, reached a new all-time high, exceeding $74,000 on the news of Trump's election.

I'm YTN's Ryu Hwan Hong.