PiCK
Exchange rate exceeded 1440 won... iShares MSCI South Korea ETF surged by 6%
Summary
- With the news of President Yoon Seok-yeol's emergency meeting, the global financial market is reacting rapidly.
- The won-dollar exchange rate exceeded 1440 won, recording the highest level in about two years.
- The iShares MSCI South Korea ETF surged by 6%.
With the news of President Yoon Seok-yeol's emergency meeting being delivered, the global financial market is reacting rapidly.
The won-dollar exchange rate exceeded 1440 won. As of 12:18 PM on the 4th (Korean time), the won-dollar exchange rate is trading at 14 won in the global foreign exchange market. The last time the exchange rate exceeded 1400 won was in September 2022, about two years ago.
The iShares MSCI South Korea ETF, representing Korean ETFs, surged by 6%.
Foreign officials are also closely monitoring the situation locally. A U.S. official related to Korea at Washington said, "It is not easy to make a clear judgment on what measures to take yet," adding, "We are monitoring the situation while taking local reactions into account."
Washington=Special Correspondent Lee Sang-eun selee@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
