On the 26th, the won/dollar exchange rate soared more than 15 won, rising to the 1,120 won level.
On this day, the won/dollar exchange rate in the Seoul foreign exchange market was 1,123.5 won per dollar, up 15.7 won from the previous day’s closing price.
The daily increase is the largest since March 23 last year (20 won increase).
Based on the closing price, it is the highest level since the 5th (1,123.7 won).
The exchange rate rose by 12.7 won to 1,120.5 won per dollar, and then continued to flow in the early mid- to 1,120 won range.
It also exceeded the 1,125 won mark during the week.
The strong dollar and weaker risk preferences caused by the surge in US Treasury rates last night pushed up the won/dollar exchange rate.
The 10-year U.S. Treasury bond rate once soared to 1.61%, stimulating the sentiment to avoid risky assets.
The New York stock market plunged mainly by large tech stocks, closing the Nasdaq index by 478.53 points (3.52%) to 13,119.43, respectively.
The Standard & Poor’s (S&P) 500 index ended at 3,829.34, down 96.09 points (2.45%).
On this day, the KOSPI index also ended at 3,012.95, down 86.74 points (2.80%) from the previous day.
Seungji Jeon, a researcher at Samsung Futures, analyzed that “as the overall risk preference sentiment was undermined by the rise in US Treasury yields, the stock market declined and the currencies of emerging countries were markedly weakened.
As of 3:30 pm, the KRW/JPY financial exchange rate is 1,058.16 KRW per 100 yen.
The price rose by 12.33 won from the same time the day before (1,045.83 won).
/yunhap news
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