KOSPI rise start▶ Click here for a larger view
On the 12th, the won/dollar exchange rate fell and ended at 1,133 won.
On this day, the won/dollar exchange rate in the Seoul foreign exchange market closed at 1,133.8 won per dollar, down 2.1 won from the previous day’s close.
The exchange rate started trading at 1,131.0 won, down 4.9 won from the previous day, lowering the low to 1,127.5 won in the morning, and then rebounding.
The won/dollar exchange rate was under pressure from US President Joe Biden’s signing of a stimulus package on the previous day, amid the sentiment of preference for risky assets and the weakening of the dollar. The European Central Bank’s suppression of the interest rate surge, the release of a easing statement, and the strength of the yuan against the dollar also had an impact.
The KOSPI climbed for two days in a row, closing at 3,054.39, up 40.69 points (1.35%) from the previous day. Foreigners and institutions net bought KRW 45.5 billion and KRW 183.8 billion, respectively, leading the index increase.
However, in the afternoon, the dollar yuan weakened and the yuan exchange rate against the dollar rose to the 6.49 yuan level, and the won/dollar exchange rate also rose to 1,134.9 won.
Samsung Futures researcher Jeon Seung-ji said, “The won/dollar exchange rate fell a lot in the morning, and then the decline gradually decreased.”
As of 3:30 pm, the KRW/yen financial exchange rate is 1,041.47 KRW per 100 yen. It was 2.8 won down from the same time the day before (1,044.27 won).
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