After the Korean martial law incident, foreign investors have been selling off the won in large quantities

2024-12-07 20:49:03
Collection

ChainCatcher news, according to Jinshi reports, the emergency martial law situation in South Korea continues, with the Korea Composite Stock Price Index closing down for three consecutive days since the martial law turmoil; foreign investors have cumulatively net sold over 1.1 trillion won for three consecutive days, equivalent to over 5.8 billion yuan; yesterday, the closing exchange rate of the won against the dollar was the lowest in more than two years. Overseas investment bank Citigroup stated that the rising political risk in South Korea will increase the pressure of capital outflow, bringing downward risks to the won. South Korean media describe the current economic situation in South Korea as "surrounded on all sides."

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