Exchange Rate Hits Over 1,400 Won, Stock Price 'Heads'

[Anchor]
The won-dollar exchange rate is soaring to 1,410 won.

The stock market is down again today.

I'll connect you to a reporter for more information.

Reporter Lee Hyung-won, both the won and the stock price are on the decline, right?

[Reporter]
Yes, the won-dollar exchange rate exceeded 1,400 won from the start.

It opened at 1,410 won, up 6.5 won from yesterday.

After spending 1,409.9 won overnight, he broke this record again.

Now, it continues to go up and down around 1,405 won.

Our stock prices also continued to decline.

The KOSPI started trading at 2,468.27, down 0.58 percent, and is now down more than 1 percent at 2,440.

The KOSDAQ also fell 0.28% to 708.52, and then fell to the 690s, increasing its decline.

It is the first time in two months that the KOSDAQ has fallen below 700 since September.

Even now, it is moving from the 690s without rebounding.

[Anchor]
Why is the won price and stock price faltering like this?

[Reporter]
The aftermath of former U.S. President Trump's successful return to power is analyzed to have hit the financial market.

The dollar continues to strengthen as trade disputes and inflation concerns grow due to its own priority.

In particular, if the US-China conflict intensifies, our exports will inevitably be hit.

Experts believe that such anxiety is fueling the won's price and stock price to fall.

On top of that, the "Trump Trade," in which funds are concentrated on assets that are expected to benefit from Trump's administration, is also considered a negative factor.

As investors flock to dollars, U.S. stocks, and virtual assets, the won and our stock market are reeling.

As a result, some predict that the Trump administration will try to rebound only when uncertainty is resolved to some extent after the official inauguration of the Trump administration in January next year.

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