Foreign investors sell off Korean won after martial law crisis

PANews reported on December 7 that according to Jinshi, the emergency martial law crisis in South Korea continues. The Korea Composite Stock Price Index has closed down for three consecutive days since the martial law crisis; foreign investors have sold more than 1.1 trillion won in three consecutive days, equivalent to more than 5.8 billion yuan; yesterday's closing price of the won against the US dollar was the lowest in more than two years. Overseas investment bank Citi said that the rising political risks in South Korea will increase the pressure of capital outflows and bring downside risks to the won. South Korean media used "besieged on all sides" to describe South Korea's current economic situation.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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