On the 18th, the won-dollar exchange rate rose by 5.6 won... Closing just below the 1190 won level

[Asia Economy Reporter Kim Eun-byeol] On the 18th, the won-dollar exchange rate closed at 1,189.5 won per dollar, up 5.6 won from the previous day. This was due to concerns over corporate earnings caused by the novel coronavirus infection (COVID-19), which dampened risk asset preference sentiment.

The exchange rate, which started trading at 1,184.5 won, up 0.6 won, rose to 1,190.0 won around noon. This is the first time in 6 trading days that the exchange rate has risen to the 1,190 won level during the session.

Apple forecasted that it would be difficult to achieve its first-quarter profit outlook due to the spread of COVID-19, and news that 5 million companies worldwide could be impacted influenced the market.