Foreign investors sold South Korean won heavily after the martial law crisis in South Korea
Editor
2024-12-07 21:03 7,624
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Golden Finance reported that the emergency martial law crisis in South Korea continued. It is reported that the South Korea Composite Stock Price Index closed down for three consecutive days since the martial law crisis; foreign investors’ cumulative net selling for three consecutive days exceeded 1.1 trillion Korean won, which is equivalent to more than 5.8 billion yuan; yesterday South Korean won It closed at its lowest level against the dollar in more than two years. Citigroup, an overseas investment bank, said that rising political risks in South Korea will increase pressure on capital outflows and bring downside risks to the South Korean won. South Korean media describe South Korea’s current economic situation as “embattled on all sides.” (Golden Ten)