As the crisis in the Middle East reignites after the American media reported on the 18th (morning of the 19th, Korean time) that Israel launched a missile into the Iranian mainland, the decline in KOSPI and KOSDAQ is increasing.
As the possibility of an escalation of the Middle East war due to an Iranian attack on Israel increased, the exchange rate gained by the dollar temporarily exceeded the range gained from 1,400 on the 16th. The photo shows the exchange rate being traded at an exchange office on Myeongdong Street in Jung-gu, Seoul on the afternoon of the 15th. /News 1
According to the Korea Exchange on this day, as of 11:20 am, KOSPI is trading at 2558.48, down 2.88% from the previous trading day. On this day, KOSPI started at 2600.69, down 1.29% from the trading day before 9 am when the market started, but fell to the 2600 level during the day as the crisis from the Middle East increased again. KOSDAQ is also trading at 826.58, down 3.40% from the previous trading day.
The dollar-earning exchange rate is also rising again. On this day, in the Seoul foreign exchange market, the exchange rate won-against-dollar recorded 1390.95 won, up 18.05 won from the previous day, at 11:10 am, reaching the range won 1390 again.
International oil prices are also soaring in the 3% range due to concerns about the intensification of the Middle East conflict. As of 10:44 am on the 19th, Brent North Sea crude oil futures are at $89.77 a barrel, up 2.9% from the previous day. US West Texas Crude Oil futures are also moving at $85.50 a barrel, up 3.23%.
In a report that day, US broadcast ABC said, “A US official confirmed that Israeli missiles hit a location in Iran.” From the night of the 13th to the next morning, Iran attacked mainland Israel for the first time in its history using missiles and drones, and Israel later predicted retaliation against Iran.
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