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Due to the recent series of bad news, prices are skyrocketing around the world, and the future economic outlook is only bleak.
As a result, stock prices fell sharply even after companies announced their record-breaking earnings, and the won-dollar exchange rate rose the most in two years.
This is reporter Jeon Yeon-nam.
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Yesterday (27th), SK Hynix announced that it posted more than 12 trillion won in sales in the first quarter of this year.
Compared to the first quarter of last year, sales and profits increased by 40% and 110%, a record high.
However, the stock is down more than 2%.
Shares of leading IT companies, Samsung Electronics and Naver, also fell to their lowest levels in a year.
Last night in the US, the Nasdaq, led by major tech companies, fell nearly 4%.
As the Ukraine crisis prolongs, the U.S. raises interest rates, and China increases the coronavirus lockdown, the sense of crisis that the global economy is going to deteriorate has grown.
It also led to a trend to seek safe assets, the dollar, and the won-dollar exchange rate rose to 1,265 won, the highest in two years.
The Korean people have mixed interpretations of the deterioration of the economic environment.
Inflation is expected to rise 3.1% over the next year, raising the inflation risk to the highest level in nine years and raising interest rates.
However, the Home Price Prospect Index, which believes house prices will rise, also surged 10 points in a month.
[Seo Ji-yong/Professor of Business Administration at Sangmyung University: It is a general economic theory that house prices fall when interest rates rise, but (the fact that there is a lot of demand for predicting the possibility of house price rise) is only a reflection of the expectation that there will be changes in housing policies…
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A cautious approach is needed as the situation is expected to change considerably from next month as the central banks of Korea and the US raise interest rates.