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Yesterday (May 5), the financial market shrank to such a degree that the trade dispute between the US and China overlapped with the two countries' conflicts and the word 'black Monday' appeared. The won / dollar exchange rate surpassed 1,200 won in two years and seven months.

This is the report of Jang Hoon Kyung.

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The KOSPI closed yesterday at 1,946.98, the lowest level in three years and one month.

While the foreigners sold their stocks in large quantities and the pension funds net bought KRW 520 billion at the KOSPI, it was not enough.

The KOSDAQ closed at 569.79, the lowest level in four years and seven months.

The slump in biofuels has led to a plunge in the index due to the suspension of clinical trials in Silla Pharmaceuticals.

At around 2 pm, a sidecar warning was issued, but the stock price did not stop falling.

The KOSPI and KOSDAQ markets have evaporated more than 49 trillion won a day yesterday.

[Lee Young-gon / Senior Research Fellow, Hana Investment & Securities: Korean companies are suffering from poor performances and export conflicts with Japan.

The KRW / USD exchange rate closed at KRW 171 30 before KRW 1,215 30.

It is only 2 years and 7 months when the exchange rate has exceeded 1,200 won.

China's growth rate will decline, foreign capital will fall away, and the Chinese authorities will reduce the value of the yuan.

The government yesterday held a financial situation review meeting but failed to keep the market uneasy.

We do not see clear signs of recovery for the time being, but we expect volatility to remain unstable in small issues.