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Asian financial markets, including Korea, went through a gloomy Monday yesterday. Our KOSPI plunged 4.19%, with foreign investors selling their shares to record highs.

Reporter Park Chan-keun on the sidewalk.

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The KOSPI ended 4.19%, down 85 points, and closed at 1,954.77.

Foreigners sold more than KRW 1.3 trillion in the securities market yesterday.

It is the largest ever since 1999 when we started counting.

In the KOSDAQ market, foreigners were net selling KRW 140 billion, down the index by more than 4%.

Yesterday's market cap totaled 68 trillion won.

The won's value plummeted, the won's exchange rate exceeded 1,200 won.

This is the result of a significant increase in corona19 confirmers and deaths in the US and Europe over the past weekend, which has spread to global pandemic and pandemic concerns.

The drop in international oil futures prices by more than 30% a day reflects the concern that this will lead to a collapse in the global supply chain and consumption base.

[Lee Jin-woo / Meritz Securities Investment Manager: I was afraid of the real economic consequences of oil price-related companies as well as the risks of bankruptcy of bad credit-related companies.

The OECD has lowered this year's global economic growth rate to 1.5%, half the level of previous projections.

Moody's and Standard & Poor's, both international credit rating agencies, are rapidly lowering Korea's economic growth outlook to 1%, and at worst they are expected to stay at 0%.

The financial authorities held an emergency inspection meeting and asked for the role of institutional investors. They are also reviewing the emergency response plan, such as expanding the short selling ban.