KOSPI's 2,400, KOSDAQ 640 Collapse in the wake of 'individual dumping'

[Anchor]
The volatility of the Korean financial market is also increasing as the president's impeachment vote intensifies the whirlwind of impeachment.

Despite net purchases by foreigners and institutions, individuals dumped them, and the KOSPI fell to the 2,400 level and the KOSDAQ index fell to the 640 level.

The won-dollar exchange rate is rising to the mid 1,430 won.

I'll connect you with a reporter to find out more. Reporter Ryu Hwan Hong!

Our stock market has been falling for four days?

[Reporter]
With the KOSPI and KOSDAQ indexes falling for four consecutive days, both indexes reached new yearly lows during the day.

In both the KOSPI and KOSDAQ markets, individuals are net sellers, leading the index to fall.

The KOSPI opened 1.47 percent lower at 2,392.37.

The 2,400-mark collapsed at the start.

The KOSPI has declined for four consecutive days since the martial law shock.

Most of the top market cap stocks are falling.

Foreigners switched to net buying in three days on the KOSPI.

The KOSDAQ index also started 1.81 percent lower at 649.35.The 650 line collapsed with the start of



It fell nearly 4% during the day, breaking the 640 mark.

The KOSDAQ index has also been on the decline for four consecutive days since the martial law shock.

In the Seoul foreign exchange market, the won-dollar exchange rate started at 1,426 won.

The exchange rate rose to the mid 1,430 won level immediately after the departure.The exchange rate exceeded 1,440 won on the 3rd due to

's martial shock', but it is approaching 1,440 won again.

The high exchange rate means that the demand for converting won into dollars is increasing that much.

It shows that funds are rapidly flowing out of our financial market after the martial law shock.

[Anchor]
How is the government moving?

[Reporter]
An emergency meeting on macroeconomic and financial issues called the F4 meeting was held at 7 a.m. today.

As internal and external uncertainties remain, we agreed to respond with all our capabilities to minimize the economic impact of the political situation.

To stabilize the stock market, we have already invested 30 billion won of value-up funds, and we have decided to invest 70 billion won this week and 30 billion won next week sequentially.

The government and the Bank of Korea have decided to supply sufficient foreign currency liquidity through the purchase of foreign exchange RP and repurchase bonds in connection with the rapid departure of foreign funds after the martial law shock.

In addition, it has been decided to announce a plan to improve the supply and demand of structural foreign exchange for foreign exchange inflow within this month in consultation with related agencies.

Kim Byung-hwan, chairman of the Financial Services Commission, held a meeting to check the financial situation with the five major financial holding companies and asked financial companies to actively communicate with overseas networks to recover the crashed external credibility.

It also said it should strengthen inspections to ensure that the health of financial firms does not deteriorate due to rising exchange rates, and do its best to manage funds so that business activities do not shrink.

I'm YTN's Ryu Hwan Hong.