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2 [Tidbit] Lovemaking couple rescued f ... The won-dollar exchange rate stabilized

2019-08-06T09:48:58.411Z

As the US-China trade dispute intensified, the domestic financial market has been shaken today. The KOSDAQ index fell sharply by more than 3 percent, and stock prices fell sharply, while the won-dollar exchange rate stabilized. Hwang Kang Yun is a reporter.



<Anchor>

As the US-China trade dispute intensified, the domestic financial market was shaken today (June 6). The KOSDAQ index fell sharply by more than 3 percent, and stock prices fell sharply, while the won-dollar exchange rate stabilized.

Hwang Kang Yun is a reporter.

<Reporter>

The KOSPI fell short of the 1,900 mark shortly after its opening.

It was only three years and one month since June 2016 that the ship was pushed below the 1,900 mark in the market.

In the afternoon, I wanted to see a moment of recovery and fell back to 2917.50, down 29.48 points from the previous day.

The KOSDAQ, which fell sharply yesterday, once rebounded against rebound buying, but ended trading at 551.50, down 18.29 points or 3.21% from the day before.

Foreign investors' stock sales are concentrated in the KOSPI market. Today, they sold a total of 606.7 billion won a day, and individuals also sold 441.9 billion won.

The won-dollar exchange rate has stabilized today after trading at 1,215 won per dollar, which is the same level as yesterday.

The financial market unease is expected to continue as the US has designated China as a currency manipulation country and the tension between the two countries is intensifying.

Especially, if China and China break down the value of the yuan in the conflict between the US and China, the value of the won could also fall.

In that case, there is a possibility that the financial market may fluctuate as foreign investors are selling off assets denominated in Korean Won.

Source: sbskr

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