[앵커]
The situation in Ukraine seemed to have calmed down, but tensions are escalating again.
New York stocks plunged after U.S. President Biden said that the possibility of a Russian invasion of Ukraine is still high, and Korean stocks also fell this morning.
Let’s connect with reporters to find out more. Reporter Park Byung-han!
[기자]
Yes, it is the Ministry of Economy.
[앵커]
The U.S. stock market plunged due to the Ukraine crisis.
[기자]
Yes, as concerns over the possibility of a war in Ukraine rose again, the New York Stock Exchange yesterday saw the Dow Jones fall 1.78%, followed by the S&P 500 and 2.12% and the Nasdaq plunged 2.88%.
In particular, the decline in the Dow was the biggest this year.
Even a day ago, there were speculations that the crisis of war had passed since the Ukraine crisis, but US President Biden said that the possibility of a Russian invasion was still high, and the stock price fell.
Louis Federal Reserve Bank President James Bullard announced that interest rates must be raised by 1 percentage point by July 1.
[앵커]
As the closing ceremony of the Beijing Olympics draws near, the Ukraine crisis is drawing attention again.
Influenced by the US stock market, the Korean stock market also showed a mixed trend, showing a decline in the morning and then turning back to an uptrend, right?
[기자]
The KOSPI fell in the morning as the New York Stock Exchange plummeted.
The KOSPI fell to 2,710 at one point in the morning and recovered over time, and at this time, it is moving up and down the 2,740 level similar to yesterday.
At the beginning of the opening, there were concerns about a possible drop of more than 2% due to the influence of the New York stock market, but it is evaluated that it is doing better than expected.
Foreigners tend to sell, but individuals and institutions are net buying, showing similar figures as yesterday.
[앵커]
Is the government in a hurry to come up with countermeasures in relation to the Ukraine crisis?
[기자]
Yes, our government is also busy with the Ukraine crisis.
In its economic trend report, the government evaluated that external uncertainties have increased, such as the possibility of the US raising interest rates soon and increasing military tensions over Ukraine.
The government is in a hurry to prepare measures to prepare for the risks posed by the Ukraine crisis, such as holding an inflation loan meeting and reviewing the extension of the 20% oil tax cut in accordance with the international oil price trend.
The Korea International Trade Association also predicted that trade could be disrupted mainly in items such as automobile parts, cosmetics, and plastics due to the Ukraine crisis.
So far, it has been reported by the Ministry of Economy.
YTN Park Byung-han ([email protected])
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