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Today, on the first Monday of August (today), the market capitalization of the Korean stock market has disappeared near 50 trillion won a day. The Kospi was the lowest in three years, and the KOSDAQ fell to its greatest extent in 12 years, breaking 600 lines. It was literally black Monday. The dollar rallied to the exchange rate, and the dollar surpassed 1,200 won. Today, at 8 o'clock news, I will examine why the financial market is up and what will happen in the future.

First of all, Jang Hoon-kyung will summarize the market situation today.

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The KOSPI closed down 51.15 points, or 2.56 percent, at 1,946.98.

This is the lowest in three years and one month since June 2016.

The KOSDAQ fell more sharply.

The Nasdaq composite index dropped 7.4 percent, or 45.91 points, or 7.46 percent. The closing index fell to 569.79, the lowest level in four years and seven months.

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

The sidecar was played only three years and one month.

As the share price plummeted, the two markets in KOSPI and KOSDAQ evaporated more than 49 trillion won a day.

While foreigners sold their stocks in large quantities, pension funds net bought 520.7 billion won at the KOSPI, but it was not enough.

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

The shock was also reflected in the foreign exchange market, so the won appreciated and the won depreciated.

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.

The Chinese yuan, which moves in a similar way, has become another factor in the appreciation of the won against the won.

(Image coverage: Yang Hyun Chul, Image editing: Jong Mi Kim, VJ: Han Seung Min)