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Photo= Korea Exchange |
[Alpha Biz= Reporter Kim Sangjin] Following President Yoon Suk-yeol's declaration of emergency martial law on the 3rd, the Korea Exchange (KRX) has announced that it has not yet decided whether to suspend trading on the 4th. Unless there are separate government measures, the stock market is expected to operate as usual from 9 AM to 3:30 PM.
Earlier that day, at around 10:20 PM, President Yoon declared emergency martial law from the Yongsan Presidential Office, citing concerns over the Democratic Party's legislative dominance and its approach to budget issues. He stated, "In order to defend the Republic of Korea from the threat of communist forces from North Korea and to eradicate treasonous, pro-North Korean forces that threaten our people's freedom and happiness, I hereby declare a state of emergency."
If the stock market operates normally on the 4th, a sharp decline in stock indices is likely following the announcement. As of 11:00 PM, the EUREX night futures were down 2.04% from the previous trading day, recording 324.25.
At 11:38 PM, the exchange rate for the South Korean won against the US dollar exceeded 1430 won, the highest level in two years and two months, since October 2022.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
