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Our stock market is faltering as concerns grow that the economy will deteriorate both inside and outside the country.
Even after semiconductor companies announced record-breaking earnings, their stock prices fell.
Reporter Jeon Yeon-nam on the sidewalk.
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SK Hynix announced that in the first quarter of this year, it posted more than 12 trillion won in sales.
Compared to the first quarter of last year, sales and profits increased by 40% and 110%, a record high.
However, today (27th), the stock price of this company has fallen by 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 US 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. It doesn't make sense.]
As the central banks of Korea and the US raise the key interest rate from next month, considerable changes are expected, so a cautious approach is needed.
(Video coverage: Hyung Yoon, Video editing: Seungyeol Lee)