The shock wave of martial law caused the exchange rate to jump and stock prices to drop..."All out to stabilize the market"

The won-dollar exchange rate soared to 1,446 won.

in the KRW 1,410 rangeStock Market Opens Normal...KOSPI and KOSDAQ Index Fall Together

KOSPI Foreigners' Net Sales of 300 Billion Won...KOSDAQ is an individual 'sell'

Financial authorities "Foreign Exchange Market Gradually Stabilizes...Concerns over increased volatility"

[Anchor]
The emergency martial law did not happen in six hours, but the shockwaves in our financial market continue.Amid fluctuations in the

won-dollar exchange rate, the domestic stock market is on the decline together.

I'm connecting with a reporter to find out. Reporter Hwang Bo Hye-kyung!

[Reporter]
Yes, I'm at Hana Bank's foreign exchange transaction site.

[Anchor]
How is the won-dollar exchange rate and the stock market now?

[Reporter]
Foreign currency dealers here are also busy in the aftermath of the sharp rise in the won-dollar exchange rate overnight.

The exchange rate, which once soared to 1,446 won, is now moving around 1,410 won.

Compared to right after martial law was declared, it has calmed down, but it is still uneasy, repeating the rise and fall.

The local stock market opened normally, but both the KOSPI and KOSDAQ started lower.

The KOSPI opened 1.97 percent lower at 2,450.76 and the tech-heavy KOSDAQ index closed 1.91 percent lower at 677.59.

Currently, the KOSPI is in the 2,450 range and the KOSDAQ is in the 670 range, down around 2%.

In the KOSPI market, foreigners are leading the decline, selling more than 300 billion won, while individuals are net sellers on the KOSDAQ.

[Anchor]
What measures are being taken by the financial authorities?

[Reporter]
The financial authorities assessed that the foreign exchange market and the Korean main plant market overseas are gradually stabilizing.

However, as there is a concern that volatility will increase, the government plans to supply unlimited liquidity until the financial market is fully normalized.

Kim Byung-hwan, chairman of the Financial Services Commission, said he will prepare the stock market stabilization fund worth 10 trillion won to operate immediately at any time.

In addition, it added that it will make maximum use of 40 trillion won bond market stabilization funds, corporate bonds, and CP purchase programs.

The four major financial groups also held their own emergency meetings to check exchange rates and foreign currency liquidity, and to discuss measures to prepare for increased volatility in financial markets.

Deputy Prime Minister for Economic Affairs Choi Sang-mok held an emergency economic-related ministerial meeting at 10 a.m. today, and said he would operate the TF 24 hours a day to ensure there would be no real economic shock, and that exports would not be disrupted.

However, it is predicted that the outflow of foreign funds and the weakening of the won will continue for the time being amid political instability.

So far, I'm YTN Hwang Bo Hye-kyung at Hana Bank's foreign exchange transaction site.