Authorities "Financial markets such as stock markets open normally today"

Government "stock market opens normally at 9 o'clock today"

Urgent Meeting on Macroeconomic and Financial Issues presided over by Deputy Prime Minister

Stock market normal opening decision at 9 a.m. today

S. Korean ETFs, S. Korean companies' shares fall less on New York Stock Exchange

[Anchor]
The government has decided to open the financial foreign exchange market, including the stock market, normally today.

This is because the exchange rate and stock futures market, which had fluctuated since the declaration of the emergency martial law, have calmed down due to the lifting of martial law.

I'm connecting you with a reporter from the Ministry of Economy. Reporter Lee Seung Eun!

Please pass it on.

[Reporter]
Following last night, the authorities held an emergency meeting on macroeconomic and financial issues presided over by Deputy Prime Minister Choi Sang-mok at 7 a.m. this morning.

At the meeting, the heads of the financial authorities decided today to open the stock market and other financial markets normally.

Immediately after the declaration of emergency martial law last night, the stock market was unable to decide whether to open amid a sharp rise in the exchange rate and a sharp decline in the KOSPI night futures option index, and decided to open normally after observing trends in overseas commodity trading and exchange rate movements.

Stock prices of Korean companies, including Korea Exchange Fund and Coupang, listed on the New York Stock Exchange, fell sharply during the day and then reduced their fall as martial law was lifted.

In addition, the won-dollar exchange rate in the Seoul foreign exchange market, which threatened to rise by 1,450 won for the first time in more than two years after midnight, closed at 1,425 won at 2 a.m. as the National Assembly passed a resolution calling for the lifting of emergency regulations.

The KOSPI 200 night futures option index also plunged more than 5% after midnight and closed down 1.8% at 5 a.m.

However, the authorities will discuss market stabilization measures in a regular preparatory manner, with the Bank of Korea holding a temporary Monetary Policy Committee at around 9 p.m., amid expected political instability.

Deputy Prime Minister Choi reiterated, "For the time being, we have decided to supply unlimited liquidity until the stock, bond, short-term fund and foreign currency fund markets are fully normalized."

I'm Lee Seung Eun of YTN.