Home » Business » Yesterday was okay, but KOSPI and KOSDAQ drop the biggest this year

Yesterday was okay, but KOSPI and KOSDAQ drop the biggest this year

◀ Anchor ▶

The domestic financial market was greatly shaken today.

The KOSPI and KOSDAQ markets fell the most this year, and the exchange rate also ended rising.

It was completely different from the stable appearance the day before.

Reporter Jaemin Koh will tell you.

◀ Report ▶

The KOSPI showed a sharp decline from the beginning of the opening, and ended at 2,348.97, down more than 2.5%, recording the largest drop this year.

Foreign investors alone sold over 600 billion won

Bank stocks such as Hana Financial Group, KB Financial Group, Woori Financial Group and Shinhan Financial Group suffered a greater decline than the KOSPI.

Bank stocks plummeted on the New York Stock Exchange last night due to concerns that other regional banks in the United States could collapse in a chain reaction.

The KOSDAQ, which is centered on growth stocks, suffered a larger decline.

It closed at 758.05, down nearly 4% from the previous day.

It’s also the biggest drop this year.

As concerns grow that startups and venture companies will face difficulties in financing, there is also a prospect that the decline in the KOSDAQ may increase further.

[김석환/미래에셋증권 선임연구위원]

″The concern has grown that the aftermath of a sharp rate hike is directly affecting these startups, those at the bottom.″

The won-dollar exchange rate also rose by 9.3 won as the preference for safe assets increased while Asian stock markets as well as Korea were generally weak.

Unlike the previous day, when the US government started to evolve early after the bankruptcy of the Silicon Valley bank and found stability, the overall financial market was severely shaken.

The government is still in the position that the direct impact is likely to be limited.

However, concerns cannot be ruled out in Korea that the aftermath of high interest rates may appear in other aspects, such as insolvency in real estate PF.

[추경호/경제부총리]

″As the possibility of future market volatility cannot be ruled out, the government and related organizations will not let go of tension for a moment…″

The government also decided to strengthen support so that the venture industry, which is already in recession, does not suffer from a financial crunch due to this crisis.

This is MBC News Ko Jae-min.

Video coverage: Lee Kwan-ho / Video editing: Min Kyung-tae

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