[경제]The financial market fluctuates due to the aftershock of the SVB crisis… KOSPI plummet and exchange rate rise

KOSPI plunges in the aftermath of SVB… 2.56% in one day ↓
The KOSDAQ index closed at 758.05, down 3.91%.
The won-dollar exchange rate rose by 9.3 won to record 1,311.1 won


[앵커]

Yesterday, despite the Silicon Valley Bank bankruptcy, the domestic financial market was not shocked.

Today, stock prices plummeted and the won-dollar exchange rate rose, showing the exact opposite.

The government is also watching the situation closely.

Reporter Jo Tae-hyun reports.

[기자]

The domestic financial market, which showed a solid appearance despite the Silicon Valley Bank bankruptcy,

But in one day, the mood has completely changed.

The KOSPI, which started on a downward trend, increased its decline over time, and eventually ended the transaction with a drop of more than 2%.

The KOSDAQ index fell more than this, pushing close to 4%.

It is interpreted that foreign investors started selling on a large scale due to concerns about the expansion of the situation after the bankruptcy of Silicon Valley Bank.

[이재선 / 현대차증권 연구원 : 전반적으로 위험자산 선호 심리가 약화하면서 우리나라뿐만 아니라 세계적인 흐름이 안 좋은 방향으로 흘러갔는데, 변동성이 지속하는 상황 속에선 위험에 대비하는 보수적인 자세가 필요합니다.]

The won-dollar exchange rate, which plunged more than 20 won the previous day, could not withstand it either.

It started off lower, but eventually rebounded and rose close to 10 won again.

The government is also closely monitoring the situation due to concerns that volatility in the domestic financial market may increase.

The government, financial authorities, and the Bank of Korea held another meeting two days later.

He said that it is difficult to predict the aftermath of this situation, and emphasized that he would keep an eye on the situation.

[추경호 / 부총리 겸 기획재정부 장관 : 국내외 시장 상황을 실시간 면밀히 모니터링하고 금융시스템 전반의 취약요인을 지속 점검·보완하는 한편, 필요시에는 관계기관 공조하에 신속히 시장안정조치를 시행하도록 하겠습니다.]

However, the asset or debt structure of domestic financial companies is completely different from that of banks with problems such as Silicon Valley Bank, and they have sufficient basic stamina, so they will be able to withstand temporary shocks, drawing a line against the possibility of spreading the crisis.

This is YTN Cho Tae-hyun.

YTN Cho Tae-hyun ([email protected])

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