[앵커]
When the US inflation rate in October came out lower than expected, the US stock market soared and the Korean stock market rose more than 3%.
The exchange rate fell nearly 60 won in one day to the level of 1,310 won, which eased the burden on the Bank of Korea to raise the base rate to some extent.
Reporter Park Byung-han reports.
[기자]
Our stock market responded to the warm wind from the United States.
The KOSPI closed at 2,483.16, up 80.93 points or 3.37%.
Foreign investors net buy more than 600 billion won, institutions net buy more than 900 billion won, and individuals net sell more than 1.6 trillion won, realize profit.
Samsung Electronics rose 4.14% and Kakao jumped 15.55%.
The KOSDAQ closed at 731.22, up 23.44 points or 3.31%.
As the US inflation rate in October came out lower than expected, US and Korean stock markets gained momentum on expectations that the US Fed would adjust the pace of tightening.
[이재선 / 현대차증권 연구원 : 오후장 후반기 중국에서 제로 코로나 방역 조치 기대감이 원/달러 환율 하락을 견인해 증시가 어느 정도 하단이 지지되는 양상을 보였습니다.]
In the Seoul foreign exchange market, the won/dollar exchange rate closed at 1,318.4 won, a sharp drop of 59.1 won.
This is the biggest drop in 14 years since October 30, 2008, when the exchange rate plunged from 177 to the top on news of the Korea-US currency swap deal.
At one point, when it continued to march high above 1,400 won, the financial authorities’ burden was eased by a major drop as it even sounded the warning light of the foreign exchange crisis.
Bank of Korea Governor Lee Chang-yong also said that the slowdown in US inflation is good news, saying that the MPC will decide on the base rate on the 24th to see how it will affect the international and domestic markets.
This is Park Byung-han’s opinion.
YTN Park Byung-han (bhpark@ytn.co.kr)
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