The won-dollar exchange rate exceeded 1,480 won...KOSPI collapses 2,400

Won-Dollar Exchange Rate Breaks KRW 1,480...Stock markets also fell after the financial crisis due to the highest

"Exchange rate surge due to political uncertainty and inflow of speculative forces"

high exchange rate...KOSPI collapses 2,400

[Anchor]
The won-dollar exchange rate is rising at a breakneck pace ahead of the vote on the impeachment of Acting President Han Deok-soo.

The exchange rate surpassed 1,460 won for the third day, and today it broke through 1,480 won at once.

Connect reporters to find out more about the news.

The exchange rate has exceeded 1,480 won?

[Reporter]
The won-dollar exchange rate, which had been rising at a breakneck pace since the opening, surpassed 1,480 won at around 10:56 p.m.

At the Seoul foreign exchange market, the won-dollar exchange rate surpassed 1,460 won shortly after the market opened and surpassed 1,470 won at around 9:15.

The exchange rate of 1,470 won was 1,480 won in less than two hours.

The exchange rate, which has pierced 1,480 won, has risen to 1,486.7 won.

There is a prospect that it could go up to 1,500 won if it goes like this.

This is the first such surge in exchange rates in 15 years and 10 months since March 2009 during the global financial crisis.

After former U.S. President Trump's victory in the presidential election, the won-dollar exchange rate has begun.

Then, it exceeded 1,440 won due to the martial law shock, exceeded 1,450 won after the US FOMC's "hawkish interest rate cut," and pierced 1,470 won following 1,460 won as political uncertainty grew amid the impeachment.

Political uncertainty has grown ahead of the unprecedented vote on the impeachment of the acting president, with some speculating that Deputy Prime Minister for Economic Affairs Choi Sang-mok may be acting as the acting president.As the trend of the

high exchange rate continues, speculators seeking foreign exchange gains have also flowed in, leading to a sharp rise in the exchange rate, according to the market.

[Anchor]
What's the situation with the stock market?

[Reporter]
The high exchange rate is also bad for our stock market.

The stock market has been weak for two consecutive days since yesterday.

The KOSPI fell below the 2,400 mark during the day.

The Kospi opened 0.42 percent lower and the KOSDAQ index also opened 0.2 percent lower.

On the news that the exchange rate even surpassed 1,480 won, the drop from 0% to the mid-1% range increased.

In both markets, foreigners and institutions are net sellers and the amount of net selling is also growing.

It is a net purchase alone, but it is not enough to prevent the index from falling.

The exchange rate, which has penetrated to 1,480 won, seems to be putting a great psychological burden on the stock market.

I'm YTN's Ryu Hwan Hong.